@factor_members Peter, doesn't the Platinum chart resemble Gold, an inverted H&S with an extension at the right shoulder? In other words, both look bullish after the recent consolidation.
@factor_members Hi Peter, thank you for the update! Sticking with the weaker USD theme, have a look at USDSEK. Trying to break 6 month support at 9.50. The chart reminds me of a narrow banded continuation rectangle.
@factor_members Peter, a weaker USD and lower yields are the preferred tools to achieve Trump's goals of rebalancing the economy. Given the historic proportions of the regime change, how low can the USD go, especially compared to the JPY and CHF? Thank you.
@HenrikZeberg I have a very simple question. At what point do you accept that you are wrong? You were bearish XAU at 1600, bearish SPX at 2600 and bullish DXY at 102. People pay your service to make money and not for you to question rationality of the market while going insolvent.
@freezerohedge Maybe the sale is linked to the Reuters report that Venezuela asked the BOE to sell it's Gold, worth $ 1,7bn, to help the countries fight against the Corona Virus. If this is correct, then XAU is holding in very well and has now one big seller out of the way. $10yrealrates=1745
@goldseek Maybe the sale is linked to the Reuters report that Venezuela asked the BOE to sell it's Gold, worth $ 1,7bn, to help the country's fight against Corona Virus. If this is correct, then XAU is holding in very well and has now one big seller out of the way. $10yrealrates = xau1745