Captain_Walker

What's happened to 'the Gold rush?

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
This is a short screencast showing an excellent entry position. (this is not advice to enter a trade).

The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're probably a bit anxious to jump on Gold . If the Halloween effect happens then price of Gold sinks.

But if the stock markets make a conclusive move south, I'm expecting RSIs to go on fire in the north direction. We shall 'have to wait and see' as Mr Trump often says. :))

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus https://youtu.be/NjTdvALChwk ]