Closing Thoughts

1:01 pm PST. Huge move in the gold market today with the dollar selling off. My total account gained 21.96% today. Not bad for a day’s pay. The Dutch elections tonight could derail the gold rally for a bit, but I think there is more upside after some consolidation. That was a quick move to the upside. Huge volume coming into JNUG and GLD today, much more than usual. PVG gain more than 13 percent today, huge move.

The U.S. indices all finally saw gains after moving in a tight range for days. The banks, on the other hand, sold off.

The Bond etfs TLT and AGG also saw gains, interestingly, without making new lows. We could see FXE rally to 109 over the next several weeks, while UUP could drop to 25.50.

 

 

 

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