Posted by DigiNomad on 14th of Apr 2023 at 11:19 am
Also was at resistance and interest rates working to catch up to
the idea that there is no easing coming anytime soon. The delta
between Fed dot plots and the futures market has been massive and
is now simply contracting a bit (market coming closer to accepting
the Feds rate projections, which also supports the dollars move
higher today).
Still short GFI under 15
Posted by rbreese on 14th of Apr 2023 at 08:46 am
Still short GFI under 15 now. Never would have guessed Retail sales would hurt miners like this. Bought more 14.88 to cover short.
It wasn't retails sales that
Posted by steve on 14th of Apr 2023 at 09:03 am
It wasn't retails sales that hurt miners it was Waller
Also was at resistance and
Posted by DigiNomad on 14th of Apr 2023 at 11:19 am
Also was at resistance and interest rates working to catch up to the idea that there is no easing coming anytime soon. The delta between Fed dot plots and the futures market has been massive and is now simply contracting a bit (market coming closer to accepting the Feds rate projections, which also supports the dollars move higher today).
I did not see the
Posted by rbreese on 14th of Apr 2023 at 09:15 am
I did not see the timing, but GFI was down a lot by 6a.m. I think before he spoke. He may have put the finishing touches on. Thanks Steve
Retail sales weakness is not
Posted by steve on 14th of Apr 2023 at 09:17 am
Retail sales weakness is not bearish for Gold - LOL
/GC's action today suggests a
Posted by junkie on 14th of Apr 2023 at 08:52 am
/GC's action today suggests a double top and a reversal in $USD.
Yes a sharp bounce in
Posted by rbreese on 14th of Apr 2023 at 08:59 am
Yes a sharp bounce in UUP. Does it mean FEDs job is finally working.