Another Sea of Red

Thu, Oct 29, 2020 - 9:51am

Well, nuts. All along I've had this idea that the break of the pennants would lead to a smash but that said smash would not lead to lower lows versus five weeks ago. Unfortunately, it looks like we're about to test that theory.

As you know, my first thought was that a higher low would be made in Comex gold. The idea was something near $1880...maybe $1875. That looked pretty good yesterday but the continued surge in the POSX today has crushed that notion and now we look all but certain to test the September lows near $1850. Ah, phooey!...

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