One Comment

  1. Not a lot going on.
    .
    .
    Stock Market:

    The big indexes are turning down.
    .
    Relax, it’s profit taking.
    .
    .
    If,

    if, IWM breaks .. .. and holds below the 50 day average..,

    the market could have a problem..,

    butt,

    there is soo much money flowing from the banks..,

    that any pullback in the market ..,

    is not really a worry.
    .
    .
    .
    Dollar:

    Technically .. .. ,

    the dollar should have rallied off the rising 50 day average..,

    pulling back gold..,
    .
    butt,

    the dollar has now broken below the 50 day.
    .
    .
    Yota ..

    A break of the dollar below the 50 day average..,

    is bearish for the dollar..,

    and,

    bullish for gold..,
    .
    .
    butt,

    gold is .. .. “selling off” to day.
    .
    .
    Q:

    Why,

    why is gold selling off ?

    A:

    Gold is selling off..,

    cause the GDX ( the mining index )..,

    is ramming headlong into resistance of the weekly chart..,
    .
    so oo oo..,

    the golds have simply run out of buyers.
    .
    .
    .
    NEWS:

    Another new Corona virus..,

    is coming out of South Africa..,

    and,

    it appears to be resistant to the vaccines.
    .
    .
    Yota ( Pondering the vaccines .)..

    All that mercury preservative..,

    and,

    all that mutated DNA ..,

    injected into our bodies .. .. .. .. ,

    for nothing.

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