Why not #SqueezUncleBuck? Consider this post for entertainment purposes only (but not really). In the "short squeeze era" as this silver promotion put it (among a litany of other well…
Well, the USD bull fund UUP at least, is breaking out of a bull flag. The Fed is docile, the 2yr yield is trending down and long-term yields are dropping…
From NFTRH 469: The US dollar index is pivotal to so many other markets. The bounce has taken what could be viewed as an ‘A’ leg up with a ‘B’…
Well, in support of the firm dollar view I keep touting, more money is put where the mouth is and to my anti-euro position (EUO) I am adding the strong…
A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…
GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180. Over sold, prone to bounce but technically bearish below 120 and 123.
A snapshot of current technicals for key markets…
GLD became very bearish with the breakdown from 124. A rise above 123 is needed to even begin to repair this chart.
A snapshot of the current technical status of key ETFs…
GLD filled gap, which now closes out the geopolitical hype and leaves gold on its own right at key support. Still not a constructive looking chart. A rise above the SMA 200 and then the 50 makes it constructive.