Alright, when we look at the gold market, you can see it has slipped back for the month so far. We’re mid-month, you’re down 6.28 percent or 6.29 – that’s a lot. It’s not a little bit of a break. The market has fallen back, right where I told you I thought it was going to go. If it wanted to go on the weekly chart down to find support at the $2580 level.
When you take a look at what the chart looks like, it just fell out of bed. Did I expect that? No. I thought that Trump would bring in with it more inflation ideas and instead, the market pulled it because interest rates climbed in the dollar. You never quite know, and that’s what happened there.
Higher high, lower low – the charts got a lot of damage. So, do I think over time inflation is going to return and be a problem? Yes. Do I see this on the chart? it says, “Oh, go in and buy it because that’s going to happen.” No. I see neutrality. The market’s at the 18-day average, and hanging in there.
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