Recapping the moves this week in markets and gold
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins us to recap the news of Powell remaining the Fed Chairman and related market moves. We focus on the pullback gold that is now flat for the month.
The Canadian dollar is also due for a low and today might have been it. If so, it should be a good sign for the miners.
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=0&mn=8&dy=11&id=p65998404582&a=1065600101
Gold will backtest the broken downtrend resistance since June if it hits 1770 (which now looks likely)…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=8&dy=0&id=p04048896980&a=993652669
POOF!
Over a month of gains gone in 3 trading days.
Just like that…. smoked.
So easy to pick the pocket of PM enthusiasts.
Like shooting fish in a barrel.
Otto (IKN) on Fortuna and Roxgold.
Roxgold shareholders lost 27.9% by now. He sees a class action suit coming
https://iknnews.com/fortuna-silver-fsm-fvi-to-is-wide-open-to-a-class-action-suit-from-ikn562/
Fools, it’s not the Biden administration running AUNFF
GLD and GDX both reached two month uptrend support today.
https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=1&dy=0&id=p65811158161&a=1069175831