Captain Hook used to say that gold would turn higher six months before the SM bottoms – I think that’s what he said.
So, from the SM bottom in June, it’s been 4 months are we going to have to wait for 2 more months assuming the bottom was made in June? That’s also assuming that the USD and Rates will behave or pm’s completely decouple from all assets. Never seen that before though.
Hope that $1680-$1700 holds.