The week comes to an end and with all that we had to deal with...higher interest rates, a rising POSX, shifting rate cut expectations, NYSE option expiration...that CDG was only down $22 on the week feels like a small victory.
Further, the price of Feb24 gold fell below its 50-day on Wednesday. However, it held at its 200-day and, as the week ends, it's back above that 50-day. All in all, not good by any means but certainly not as bad as the permabears might have hoped.
For today, this link and three images:
