Big vote today in Washington DC on Trump’s Obamacare repeal/replace legislation so it will be interesting to see how all markets react to the news, whatever it is.
Stocks are moving higher into the vote. Gold, Silver and the Miners opened stronger but have given back those gains fairly quickly.
Welcome to the 3rd Trading Cycle (TC) in Gold where the action gets very choppy. I have Gold on day 9 and this is where it gets tricky. Days 9-12 are often where we see a Half Cycle Low in Gold but in 3rd TC’s, I have also told you we have often seen a top between days 5-11 with many topping on or before day 9 over the past 5 years.
Added: Chart on JDST which shows it is wedging and was turned back at resistance this morning, so far.