Gold’s New Bull Market… For a Night, at Least

Okay, easy now. This is supposed to be the place run by a level headed, if curmudgeonly sort who pretty much hates hype and all who put it forth. I checked Twitter and it was lit up like a Christmas tree about some barbarous relic that is ass launching in post-FOMC after-hours.

Here’s the in-day chart, having broken above the bull/bear line of demarcation. Why 1378 you ask?

gold

Because, this…

The monthly chart tempers the excitement just a bit but the fact is that we’ve had 1378 as the bull/bear line since 2016 and just now gold ticked above it (current price: 1381).

gold

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