GOLD STOCKS and DEJAVU FRIDAY RALLY - AGAIN ?! CPI NEXT WEEK!
1 year ago
6
Again markets rallied on a friday just like last week - buying the rumor selling the news type of environment - as last week, we rallied into FOMC just to dump hard, and I suspect will be the case with CPI next week as well. GOLD had one of the best rallies in a very long time and in a very unsustainable fashion - I started fading the move w avg at 1665 and will add a bit higher if necessary as BOND YIELDS are not confirming any of these moves today in USD and GOLD , and even STOCK INDICES were very meek and choppy closing mid range for the day, thus again not confirming the overly exhuberant performance in some asset classes including CRYPTO ( BITCOIN & ETH).
For more info you know where to find us. #apexbull
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