Gold is overbought on the daily but it has gone further into overbought in the past. Just something to watch.
Comment:
Commodity traders are pumping everything again, metals, food, oil, etc.
I think one of the Fed members crushes this next week, if not they'll do it at the Feb meeting. Looks to me like this forces the Fed to go .5% otherwise commodity futures take off parabolic again.
The market will get squashed by the Fed again, just a matter of time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I think one of the Fed members crushes this next week, if not they'll do it at the Feb meeting. Looks to me like this forces the Fed to go .5% otherwise commodity futures take off parabolic again.
The market will get squashed by the Fed again, just a matter of time.