An Unfortunate Repulsion

By -

Yep, just what I was afraid of. I said 2020 was resistance on the futures, and the same level is a price gap on GLD. We got close, and then blammo, the damned thing still thinks it’s the SPY and turned south. C’mon, gold. Get a mind of your own! Until we push past this chunk of overhead supply, this is where we’re stuck.

gldres