Profunds index and sector trading

[was Steve]

ARch might have nailed another one. i didnt see it coming, but lately i cant see chit (ng). your desired target of 97xau is quite do able this week

looks like retail sales report this am and the rising dollar around 2 am last night/early am were too much for POG. it is getting spanked hard and is down about $8 to $412/oz. this will take the xau/hui from what was still a bullish looking setup to a bearish one unless they rally like a mo fo during the trading day.

xau could be looking at 98/99 today. i would get interested in my next long in that area or lower later this week but not likely today as it will need some time to digest this one