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Tuesday, October 15, 2019 10:07:21 AM
Also more headlines from this morning from a dumpy rag but is reporting a fact nonetheless:
"IMF projects slowest global growth since the crisis amid trade, geopolitical tension:
Brian CheungReporter,Yahoo Finance•October 15, 2019
As regards gold, you see it is only down 5 bucks but the problem is gdxj is getting hit fairly hard, and gdx itself a tad less hard. The smaller stocks are being left for dead right now in gdxj, and this will spread. This is, imho how the gold market traditionally sells off, the smaller stocks first, then the larger, and finally the commodity itself takes a shellacking.
also, latest figures show commercials very high, as reported on this message board......Conclusion: the retracement is here, and if this is the start of the recession, gold will get whacked, as it typically does in recessions.....who knows, you take your chances.
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