Note though that US Dollar is overbought at this time. As REPO operations fail - and they are failing already, the FED will be forced pretty soon to go into QE 4.0. That would mean that US Dollar tanks, and gold to go north. But the big money is not likely to wait on QE 4.0. Gold is pricing in expectation of QE 4.0 all now.
Note though that US Dollar is overbought at this time. As REPO operations fail - and they are failing already, the FED will be forced pretty soon to go into QE 4.0. That would mean that US Dollar tanks, and gold to go north. But the big money is not likely to wait on QE 4.0. Gold is pricing in expectation of QE 4.0 all now.
Yes this is about fundamentals.
Fundamentals => Reality
Technicals => Sentiment
But 'sentiment' is also about expectation.