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Gold Showing Its Metal Tonight

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Let’s go to the gold chart. On a closing basis, you’re down a tenth of a percent at this point on the week. So here we go in the Wednesday midweek, and the market is just about unchanged for the week. When you look at the bar chart, tell me, how do you read that and try to do anything with it?

So I’m looking at my bullish gold, I am long-term. I think that the market was going to come into the 18-day average and fight a battle. And now you wait for the initial reaction of the presidency election. You can see how the market came back. It’s just sitting sort of here, and momentum is turning down—no surprises at all. If you look at the weekly chart, it’s much friendlier than the daily

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