GoldFix

About Last Night's Bear-Attack


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Housekeeping: Good Morning.

Stategy is just tactics on a longer timeline

Topic:

* About Last Nights Bear-Attack

Market Analysis: Tactical Comments

A little play by play this morning as our personal concern is if this growing confidence in shortsselling is a permanent swoon in the works or will it morph into massive opportunity to buy. The Conclusion is: A Bear atttack is starting. China is still buying. The game started last night.

Finally: Sunday Night came and a special message was sent to subscribers saying:

Sellers are back. The conclusion is, while American hours may not be friendly and Chinese speculators are vulnerable the fundamental buying underpinning this market is still there. They may be more patient, but they are by no means done buying Trade-war ceasefire or not. China buying reemerged last night on the lows at the same time Platinum was bid up

- Source

* Full analysis in the three posts linked above

Related Posts:

Coming Soon:

Final market check

Data on Deck:

* MONDAY, JUNE 30 9:45 am Chicago Business Barometer

* TUESDAY, JULY 1 9:45 am S&P final U.S. manufacturing PMI

* WEDNESDAY, JULY 2 8:15 am ADP employment

* THURSDAY, JULY 3 8:30 am U.S. unemployment rate

* FRIDAY, JULY 4 None scheduled, July 4 holiday

* Full calendar

Charts and Final Market Check



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GoldFixBy VBL