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Re: SgtJBone post# 6361

Tuesday, 04/05/2016 7:47:26 AM

Tuesday, April 05, 2016 7:47:26 AM

Post# of 13240
USD & Gold green, pretty intriguing. When currency and central banks can't assist fear returns to save the day, though US futures are retracing from what was to be a bloody open. Gold trying to base 1232 but for as great a morning it's had GDX really isn't that impressive, looks like Dust will inch back toward $3.3's unless gold makes another push.

It is worthy to note if GDX holds a 20 handle it would've put in a newer lower yesterday at $19.53 than the previous downdrafts to $18.9. If Gold can make another run at 1245/1250 it could setup for another test of $21's but I don't see it happening until the Fed throws another party.