Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
I believe, that much like the Central Bankers, many of the older more fearful members of our countries, will keep the pressure on for Brexit. Any additional terrorist assaults will have an exponential negative effect. Great for trading, but I hope GB does NOT choose Exit. We all need the EU. Russ US
Nearly all USD economic news items are just "okay," or indicate a multi-year low. The only numbers that are positive with consistency are the Jobs numbers. Many of the new jobs created are either low-paying part-time, or temporary, as we Americans are lining up for and clearing out the foodstuffs in the local Food Banks.
The cost of "Corporate Welfare" has been considerable; in retrospect cutting "Hundreds-of-Millions" of Dollars of Food Stamps for the impoverished hungry citizens of America may have the unintended positive effect of reducing the problematic rise of Obesity in America. It is, after all, "okay" to be hungry.