Churning

It's still a long way to Friday's close.

25
Thu, Jun 6, 2019 - 10:37am

Comex digital precious metal prices are churning today as excess overboughtedness gets worked off and Spec algo resistance gets eaten away. It's all part of the process and tomorrow will be a much more interesting day.

But today is like so many others that we've seen of late. Contrary to the "London Monkey" pattern that often prevails when prices are rallying, the current pattern as we're stuck in this range has often been to rally in Asia and London and then be set upon at the Comex open. And here we are again today....

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