Gold 6:15AM
Jim Wyckoff of Kitco has a very useful chart online that shows that support and resistance levels I’ve spoken about. You can also notice that since June, gold has been making slightly lower highs and higher lows. This suggests a major move is approaching. I of course, think it shall be to the upside. Please note there are gold option expiring today and the “gang” normally like to lean on gold during these expiration’s. I’m sure those who wrote $1,600 strike prices were not happy with the rally yesterday. Today’s trading shall be interesting because it can be one of the rare expiration’s where the “gang” get squeezed. It couldn’t happen to a *&^%$ bunch, including their biggest cheerleader
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