Again markets rallied on a friday just like last week - buying the rumor selling the news type of environment - as last week, we rallied into FOMC just to dump hard, and I suspect will be the case with CPI next week as well. GOLD had one of the best rallies in a very long time and in a very unsustainable fashion - I started fading the move w avg at 1665 and will add a bit higher if necessary as BOND YIELDS are not confirming any of these moves today in USD and GOLD, and even STOCK INDICES were very meek and choppy closing mid range for the day, thus again not confirming the overly exhuberant performance in some asset classes including CRYPTO (BITCOIN & ETH).
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