Loading ...I guess rates could start a new huge leg up – that wouldn’t surprise me at all. But, as you say, given the condition of the charts of the DOW & SPX, it would seem a pause should be what happens, while they work off their oversold/overbought positions.
Last day of a brutal September for pm’s – good riddance. I hope October begins the mother of all moves like back in 2000. I do agree with Capt. Hook, that this is the worst I’ve seen things since then. Gold went up 6x back then, but that was before they had the ETF’s that now screw everything pm up. Also, the algo’s weren’t near what they are today.
For Gold, it’s going to take an event of some sort.