Gold broke down today on a hotter than expected CPI number as the US Dollar gained on expectations of a Fed Rate failure to cut rates in March and now May
Gold uh what can I say here um fell out of bed Rising dollar and this is what we always talk about you get that dollar uh threatening a breakout you do not want to go speculating long with gold the miners or anything like that so you know
Now is not the time it will be soon uh I spoke about the what appeared to be not a horrible close yesterday but momentum was trading down below 50 and what happens we rallied initially on go today it f so uh it’s always best not to go buying
When momentum is going in the wrong direction and Mum as measured by stochastics uh
