I am somewhat amused by the lack of commentary on the latest advance in gold. Did people sell, waiting for a correction that did not come? I do not know the answer to that, but I can see that financials have been clobbered, led by Bank of America, while gold has soared. These events are not unrelated.
Bank of America Daily
Bank of America Weekly
Questions Abound
- Who would have believed in 2007 that a 44 cent drop in share price would amount to a 6.3% move?
- How long before Bank of America tests that spike low of $2.51?
- How much is CEO Brian Moynihan worth?
Gold Daily Chart
This is no longer an orderly-looking move, but a weekly chart can help maintain perspective.
Gold Weekly Chart
This is no longer an orderly-looking move, but a weekly chart can help maintain perspective.
Gold Weekly Chart
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
No comments:
Post a Comment