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In the Bleak Midwinter

IMG Auteur
Published : December 28th, 2018
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Category : GoldWire

"What can I give Him,
Poor as I am? —
If I were a Shepherd
I would bring a lamb;
If I were a Wise Man
I would do my part, —
Yet what I can I give Him, —
Give my heart."

Christina Georgina Rossetti, A Christmas Carol

Stocks attempted to extend the government-sponsored 'rebound rally' today but with only mixed success, as they finished largely unchanged after a solid try to move higher.

Please note from the charts that this retracement rally is now at the 38.2% level on the Fibonacci index.

Next Monday will be a brief trading session with the markets closed on Tuesday for New Year's Day.  That will be the last trading session of 2018.

Gold and silver continued to move higher, planting a solid close as they appear to break out from their intermediate trend higher from the yearly bottom at 1159.

There will be a Non-Farm Payrolls Report on Friday.

Have a pleasant weekend.






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