Loading ...Yes looks good … with the Fed not expected to move today … and the new guy in May an unknown … it’s not a stretch to speculate most traders will hold back a few more weeks … bringing prices down further … especially if the rest of the equity complex buckles due to the same realization.
With the gold stock to gold ratios currently at their respective 200-day MAs … vexing below would likely serve as good accumulation areas.
The stock market looks like it’s starting to wake up to this set-up.
It’s amazing how delusional these people are … you would think with all that’s going on … including contracting liquidity … they would be a little more cautious.
Chuckle