sp'daily5
GLD, weekly3
Summary
*awaiting PPI and retail sales data.
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Another batch of earnings already this morning... seemingly most are coming in moderately above expectations. Some, notably J&J are noting currency issues, but even they surpassed market targets.
notable strength: NFLX +1.4%... which has earnings at the Wed' close.
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Update from Oscar
I'm certainly with Oscar on a H/S formation for Gold. If correct, in theory it bodes for Gold to fall to the $1000 threshold within the next few months. Best downside case remains 900/875 zone by Sept/Oct, but that will be difficult... unless King Dollar rises to the DXY 120s.
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Have a good Tuesday