Gold Daily And Silver Weekly Charts - Risk On, And Shenanigans For Dessert
Risk on, and the more the better.
There is a big option expiration next week, and now is the time to clear out the bullishness.
Reform? They'll never learn. Why should they?
It's working just fine for the propositional class. And for now they seem to be large and in charge.
Have a pleasant evening.
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None.
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If the DXY keeps marching higher and the Fed drops a surprise rate hike over the summer, I could see a major pullback begin. I don't see how the Fed can justify delaying the rate hike. Brexit panic is over and the Turkey coup attempt didn't end the world, earnings aren't horrible, etc. No excuses, but given Yellen knows she has no credibility, there's no telling what she will do. Still, the only trade I'm making right now is volatility. The return of volatility is about the only thing I'm certain of at this point.
Couldn't agree more.