IAC - my guess is that gold bullion telepathic, it's looking into the future, the market otoh is running on momentum.
What I'd like to see (when looking at the Nasdaq chart) is a big day tomorrow, blow-off (on the hourly) leaving a double-top on the daily - I'd love to take the market short tomorrow afternoon.
As for me buying the gold index this morning - it was hugging the 9-day MA and I thought; why not? That's about the level of thought I gave that trade this morning.
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