Its nice that we’ve gone effectively 24 hours without a horrendous news report, but I’d bet on gold and against the euro and usd before you’d see me buying currency again.
Yes gold may look like a double top, or previously a head and shoulders, but I’m seriously considering buying this dip. Gold is still correlated (inversely) well to the market performance and I hardly believe this bounce is sustainable beyond 3-4 days…..bearshit.
For the next 12 hours maybe.
@Kedzilla,
if that….
Its nice that we’ve gone effectively 24 hours without a horrendous news report, but I’d bet on gold and against the euro and usd before you’d see me buying currency again.
Yes gold may look like a double top, or previously a head and shoulders, but I’m seriously considering buying this dip. Gold is still correlated (inversely) well to the market performance and I hardly believe this bounce is sustainable beyond 3-4 days…..bearshit.