Bought some weeklies today to see if gold breaks out. Will probably keep rolling out & up if the s**t hits the fan.
I can get behind the argument there's too much liquidity and rolling corrections to continue, but when the ^TNX slides like this that scapegoat-speak only lasts as long as the stimmys, we have some structural issues on the horizon. There's some weird fits & starts on certain sectors today, but all things being equal, valuations looked exhausted...a proper 12%+ downdraft really in the cards, or at least the talk of losing your shirt should be discussed...
I can get behind the argument there's too much liquidity and rolling corrections to continue, but when the ^TNX slides like this that scapegoat-speak only lasts as long as the stimmys, we have some structural issues on the horizon. There's some weird fits & starts on certain sectors today, but all things being equal, valuations looked exhausted...a proper 12%+ downdraft really in the cards, or at least the talk of losing your shirt should be discussed...