Which way? Gold.

Australian gold index

 

Uhh ohh....

 

This might be coming for some....

 

Hehe, gold is a monster, I see a 120 point range today in Dec GC. It does not suffer fools.

 

Gold has surged this year as investors seek protection from slowing global growth, the incessant trade war, and turmoil in the bond market that suggests the U.S. may be headed for another recession..

 

Yes, went to ~+35%, now ~+20%.
A turnaround may be getting close by, no signal yet.

 

Now this seems to be throwing light on where it was dim.

 

Nice paddywhack for gold on ASX today, ~7% on the index.
Expect USA to receive likewise when it opens today, ASX is 12 hours ahead of USA.

 

About right now should see a bounce back up.
Too early to determine if it's a longer term bottom, shorting from here would not be a good idea imo.

 

Man, those kids be like...



Because in 1994 when Pulp Fiction came out, gold was what, $400 per oz?

Sheeet.