Loading ...Looked at the GLD chart yesterday, didn’t realize GLD was stuffed right at the 50 dma. Shouldn’t have been, considering the weakness in the dollar. I think the dollar is down what, 5% in the last 5 days? Gold up 2%.
SLV, OTOH, blew right through it 50 dma. Huge gaps below that may or may not be filled. Probably will, but shouldn’t be. Next resistance is $24, if we can make it there.
The dollar also has huge gaps, whether any of these fill is beyond my pay grade.
Anyhoo, we are down a little this am, with the 10 yr. up 2 bips. The dollar is up a little and may attempt to retake 100 in the index.
Oil down a little.
So, we wait to see how hard they’ll take us down today before the weekend.