By Turd Ferguson | Wednesday, March 28, 2018 at 10:38 am
With the suddenly spiking dollar, Comex gold is today being driven back down and below critical support and technical indicators and this is occurring just before month and quarter end. Big shock there!
By Turd Ferguson | Monday, March 26, 2018 at 10:50 am
A holiday-shortened week begins with stocks up, the POSX down and a nice move in the PMs. Given that today is option expiry for the Apr18 Comex gold, any move to the upside is unexpected and appreciated.
By Turd Ferguson | Wednesday, March 21, 2018 at 10:32 am
The first FOMC fedlines of the Chief Goon Powell Era will hit at 2:00 pm EDT today with his inaugural "press conference" a half hour later. Ahead of these events, here are some random observations to discuss.
By Turd Ferguson | Tuesday, March 20, 2018 at 10:23 am
When we first discovered the yen-gold correlation in the fall of 2014, it opened our eyes to the complete dominance of algos and HFT in the "gold market". However, on the bright side this made the task of forecasting price changes considerably more simple. But now it appears things may have changed a bit and we have a few charts to show you today that require your consideration.
DISCLAIMER: The charts and analysis provided here are not recommended for trading purposes. Trade at your own risk. The Turd provides knowledge not direction. Turd holds no liability for your trades and decisions but he's happy to take credit when credit is due, particularly through the "donate" button. Read more...