One Look At Gold
All financial markets are really looking ahead to tomorrow. Today’s gold action was all one-way; first up, then turn on a dime, and then down the rest of the day into the close. As I have said before, Ebb and Flow have left Green Acres and haven’t been seen since 2011.
A small loss today as the long chop caught us. No matter today’s profit/loss, tomorrow‘s trade will dwarf whatever today brought. Look for some explosive action once the Fed minutes are released. QE 3 and we are headed much higher; no mas ahora QE 3 and we are on a path to test 1600.
It should be a big day.
Have a good day everyone.
-vegas
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