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wanderer9641
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Gold Market Update - Paradoxical Situation

- Clive Maund -

The DXY is down almost 1% but gold/silver beaten down - should be a wild recovery.

Commented 3060 days ago

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Beginning of the headline :The situation is paradoxical - gold and silver have broken out upside despite already extreme COT readings, yet the dollar has still not broken down. This setup continues to warrant caution, yet if the dollar should break down from its potential top area and drop hard, gold and silver will go into a vertical meltup - and here we should not forget the tight physical supply situation. In the last update we expected gold and silver to drop due to the COTs extremes, but they have done the opposite r... Read More

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