Every Bull Market Is Born From A Short Covering Rally
The Gold Futures price has had three straight weeks of selloffs. Should traders compare gold to the 2-year yield, and what is gold's relationship to the U.S. Dollar? Phil Streible was on the TD Network and talked about ETF outflows, the resilience of U.S. equities, and a lack of a sustained bullish catalyst are what is driving the metals commodities today. Gold's key level of support is around the $1,900 level.
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