IKN

Every why hath a wherefore

Chart of the day is…

…the main gold bullion ETF (GLD), ten days:

Yes, we liked yesterday’s big swoosh up but let us be clear; gold isn’t even at weekly highs yet. All we’ve seen, so far at least, is the dip of the previous two and a half filled.

Then again, bullion touching $1,270 overnight puts us halfway there ( livin’ on a prayer).

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