Last week's price action served to remind us that big rallies and even entire bull markets are driven mainly by short covering. This doesn't happen by accident.
Gold moves as a headwind is removed. Gold is moving right into the resistance part of the daily Bollinger Band. Rally might have problems here as market is overbought.
I missed the bottom by 5 days and $15 in Gold. It seems very unlikely that gold will turn lower here and make a lower-low. Gold will next need to break the...
Gold in particular looks very good here with the best commercial COT we've seen since 2017/2018 just before another big rally for gold, silver and the gold stocks.
