Our Tuesday morning start up shows us Britain’s complete disdain for the precious metals with Gold trading at $1,281.40, down $2.40 and as usual, right there were the low is at $1,281 with the high at $1,284.90 in what can only be called a super tight trading range for the oldest currency in the world. Silver, the money of the masses, is trading at its low at $14.82, down 10.7 cents with the high at $14.955. If it’s all about our Dollar boy are we in trouble with the value pegged at 97.325 up only 5.7 points with its high at 97.345 and the low of 97.135, all of this is done way before 5 am pst and our Comex open.
Gold may be running, but the miners are shrugging it off. This doesn't really have the appearance of a real gold rally just yet.
gdx-gold ratio still declining. Looks like it's getting close to a good buying point, but I'm waiting for a signal that it's actually going to start moving. Maybe if gold get's above Louky's 1305?
Gold may be running, but the miners are shruggi This doesn't really have the appearance of a real gold rally just yet.
gdx-gold ratio still declining. I'm not ready to jump back in just yet... View attachment 131636