Cheers Esh, I am trying to keep an open mind to what is occurring with the USD, especially in regards to the POG. As I have already read some commentary about things like the COT positions and how that is all that matters, or... that the COT is useless etc. Lots of noise wherever I look.
But for now, with Treasuries indeed being sold off and the dollar starting to weaken (a little...) POG could, could be past its low for the near term.
Not sure if you follow iGold, but some of the videos produced are TA only, so I find it helps balance out my FA over-reliance. Of course there are so many sources of views on the web its a minefield.
One last thing, your chart looks back to May, when I zoom out a lot further, the current gyrations look less important. Although I still hold the view that Gold will eventually come to the fore simply because of all the money being printed, basically to inflate the worlds (U.S, Europe) debt away.
We will see?
Why the sp struggle following pos announcements?, page-66
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