Markets were pointing higher. Then disappointing manufacturing data out of China sent it all down. I will be interesting to see if this holds. I would expect intervention to continue on the first trading day of the new year.
All of the metals are getting taken down as well along with oil. As the Fed continues to drain liquidity, we will continue to see short term deflation of investment assets into 2019.
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I don't think we've seen the bottom until gold makes a large move up. I hope we have another peak in Jan so I can top up my SQQQ.
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