Gold went up unexpectedly, probably due to instability as Ukraine and Russia escalated, and the ICC (International Criminal Court) issued an arrest warrant for Israel Prime Minister Benjamin Netanyahu. If we want to go along the ‘conspiracy theory’ line, it would be the Democrats, having lost the Presidential elections, wanted to make things difficult for Trump by the time he took over. Trump had promised peace.
Anyway, DOT finally showed some strength, and at one point it went all the way up to 10.50, before dropping back to around 8.88 at this point in writing. While my gold shorts were still in the red, my crypto is now solidly in profits. But I expect the bull run to continue for much longer, and am in no hurry to sell. The bull run has just begun.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
