Updating the pictures in gold, silver and platinum where the ultra powerful rally in gold continues to be fed by the decline in the U.S. Dollar as well as daily changes in the current Trade Wars.
Updating the pictures in gold, silver and platinum where the ultra powerful rally in Gold continues to be fed by the decline in the U.S. $ as well as daily changes in the current Trade Wars and changes within the Federal government. This has placed stronger upside pressure on Gold. Pull backs in gold are not producing the Fibonacci guided levels I would expect. That, though could change and I'll be keeping tabs on the US Dollar and the bond markets as well as any changes in the Trade Wars to suggest a larger pull back taking place in gold and the other precious metals. That change would be enhanced by resolution(s) of the Trade War(s) or the US $ catching a strong bid to bring the currency back above 100.
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