Tuesday, April 21, 2015

gold ex-US is going somewhere soon

Here's a chart of gold ex-US:

The last three days saw the chart settle on the Bollinger mean. Maybe it's a breakdown in the making, or maybe it's just working off the overbought condition that arose a couple Fridays ago.

Dunno which way it's going, but I'd expect it doesn't recover. Physical buying doesn't boost the price of gold til June or so; we're a bit early.

Which reminds me, the first official Indian monsoon forecast should be coming out soonish.

No comments:

Post a Comment