IKN

Take physic, pomp

Chart of the day is….

…gold, weekly futures.

We’ve done this chart more than once in recent CotDs, but as today is quite an important one (on the technical side, at least) there’s no worries about running it again Chez Otto.

So what we’re looking for is a Friday close above previous daily closes (the candles, not the wicks). No more and no less. The London PM fix is a number being anticipated by charties all over. so, by the way, are the COTs out at 3:30pm EST. I’m sure Gary and Lucas will be all over that one in their weekend commentaries.

Me? I’m just Mr. StatusQuo. Staying nervy but climbing my own personal wall of worry with a defensively long mindset. It’s boring and it hasn’t seen me make a squillion in leveraged bull call option moves, but it works.

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