sp'60min
GLD, daily
Summary
*higher rates are not bullish for the precious metals... and that sure won't help the related mining stocks.
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This time last week the chatter was increasingly about a a QUAD-OPEX crash to the 1900s. Some even touted the 1800s. Where are the same people now? Ohh yeah... mostly in their little caves.... probably the same places where the gold bugs reside.
For the remaining 10 trading days of the year... we'll no doubt see a lot of chop... but prices should be broadly leaning on the upside.
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notable weakness, miners, GDX -5.0%
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back at 11am