The gold market has been looking for more uncertainty and we are seeing it this morning.
The gold market is fulfilling the promise that gold bugs like myself have touted for years: safe haven in uncertain times.
The next big thing on tap is the Iran situation, and we will have to see what happens then and how the market perceives the deadline passing.
The oil markets are taking a deep breath of profits before what may be a headlong dive into another bull run.
The rate hike news out of China is weighing on the gold market as well as the new margins kicking in and no real new news of uncertainty in Iran.
The sell-off is due to all the locals grabbing profits before the end of the day, nothing more.
The supply numbers this week will be the key catalyst.
The switch is not going to be that smooth. Within the next 14 days, I think we are going to see prices steadily climb.
The times will come down and we'll be competitive.
The true worst-case scenarios are not even close to priced in this market yet.
Things got really heated up over this Iran thing, and traders hate leaving such big profits on the table for news that could change at any moment.
This build is likely the last one we will see in gasoline for a long, long time.
This has caused some traders to pare down their positions and re-evaluate their exposure. However there seems to be little lack of new buying on significant dips in the market.
This makes the short side of the market very nervous and as we see gold drop we also see it turn and then move higher twice as fast.
Traders are still stinging from the terrible inventory data Wednesday and in this climate, it's hard to deny that $75 is now here and $80 may not be far off.
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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.