EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
4500 and 72 Hit, now what?
If you missed last night's video, I posted 4500 and 72 as targets for gold and silver respectively from my Friday charts. Here is a quick video on the likely support levels in gold and silver following Trump's announcement to appoint Kevin Warsh to head the Federal Reserve. Despite the cacophony of pundits' comments concerning Warsh's economic stance (and change of mind) about inflation and productivity, he remains a maverick able to surprise the markets and even Trump. 3 mins video.
Gold Net Longs
I really dislike after-the-fact analysis, but looking at this chart of Gold speculative net longs at the Comex, it shows speculators began lightening their longs on Jan 23.
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21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities
Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order.
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