Gold is overbought on the daily but it has gone further into overbought in the past. Just something to watch.
Commento:
Commodity traders are pumping everything again, metals, food, oil, etc.
I think one of the Fed members crushes this next week, if not they'll do it at the Feb meeting. Looks to me like this forces the Fed to go .5% otherwise commodity futures take off parabolic again.
The market will get squashed by the Fed again, just a matter of time.
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I think one of the Fed members crushes this next week, if not they'll do it at the Feb meeting. Looks to me like this forces the Fed to go .5% otherwise commodity futures take off parabolic again.
The market will get squashed by the Fed again, just a matter of time.