Loading ...I think Tavi is right.
The only thing that gives me pause is that volume in GLD and GDX were monstrous. OTOH, volume has been heavier on the big down days pretty much all the way up. I guess that will continue as we move higher. RSI on GDX now manageable at 58. SLV is 69, GLD still up at 75.
Monday is going to tell us a lot. It’s hard for me to see us selling off into the year end. If we head south Monday am, I think it will be bought.
Dalio has an article on ZH, he is recommending 15% portfolio allocation in gold. I can’t even imagine what the gold price would look like if people followed that advice.
I’m hopeful that we’re going much, much higher.