If we take a look at gold, you’re up, up, and away. On a closing basis, lead contracts, you always got to remember that, the market is up here at $3568. Obviously, the December contract is stronger than that; you’re at $3597. Look how this market has just exploded to the upside. You have a pattern of higher highs, higher lows.
When you take a look at the Bollinger Bands, you’re over them. You only stay over them five percent of the time, and you’re overbought, not embedded yet. But until the party’s over, or until you get the first idea where a near-term trade top is, I don’t know where it’s at.
Read the full article here