Gold Should Be Much Worse, But it's Not!

 

Gold Today

Most of us are at the conference, and stories will be posted as time permits

Tape Watching with George Gero

  • Gold  steady in face of FED expected rate hikes soon,
  • Seems to be already discounting rate hikes, stronger dollar, and upcoming monthly jobs reports.
  • When you see higher volume, higher open interest(440217 in futures and over 1,033,823 in options), it is a signal that funds are nibbling and commodities are being more bullish Silver at 195258,copper 268824,
  • April-June gold spread out a little 330,
  • gold-silver 69.10
  •  gold-plat at 233.20.
  • Buying the dips seems what traders have been doing.

Gold: It Could Be Much Worse, But it's Not

Higher Lows against Lower RSI's

 

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Anonymous (not verified)

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I don't know about that. When Feb's CPI comes in at 3% as it is likely to, gold should be performing. There must be lots of people who are aware that inflation is likely to be 3%+ for at least a couple of months. Gold's performance at the moment is dismal. Maybe it's on rate hike expectations but what's 1/4% rate hike if CPI is 3%?
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Gold Timer (not verified)

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I agree that Gold should be at least somewhat higher Tad, but other metals are really below where they should be. Silver could double and still be slightly low. Rhodium and Plat could stand a much higher valuation...
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Tad Allagash (not verified)

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GOLD -It should be much HIGHER, but it's not.