If technical levels matter, they matter in gold. Check out how it was rejected both Thursday and Friday right at the 50-day moving average.
Looks like gold is about to break either way. We’ll wait for confirmation. Could the Bank of Japan be the catalyst?
(click here if chart is not observable)
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Global Macro Monitor
Since gold looks good at this inflection point, would platinum be even better considering supply and demand? What say?
Thanks for the comment, Rod. Can’t comment on plat as we don’t follow it that closely.