maybe but also can't over analyze based on one day's move.
Dollar did bounce off the 61.8% Fib retracement area, since
the last rally was the largest since the Dec decline will it make a
higher low here and go back high, we'll see...
Since we are in the summer doldrums, gold may also just chop
around as well, we'll see how it fleshes out
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Gold is ignoring the strength in the dollar today
Posted by puma on 9th of Jun 2016 at 03:34 pm
Always bullish when "bad" news is ignored
Rates down is a factor
Posted by a_l_ on 9th of Jun 2016 at 11:55 pm
Rates down is a factor for gold; TLT up .65% today.
Rates down & dollar down is ideal.
maybe but also can't over
Posted by matt on 9th of Jun 2016 at 03:46 pm
maybe but also can't over analyze based on one day's move. Dollar did bounce off the 61.8% Fib retracement area, since the last rally was the largest since the Dec decline will it make a higher low here and go back high, we'll see...
Since we are in the summer doldrums, gold may also just chop around as well, we'll see how it fleshes out