January 2017 - February 2020: Increase of $2.25T US M2 money Supply.
February 2020 - May 4, 2020: Increase of $2.25T
After 8 full weeks of market action since QE∞ was announced on March 23.
Dollar Index $DXY -2.4%
Comex gold $GC +17.8%
S&P 500 $SPY +24.1%
Comex silver $SI +37.7%
Gold miner ETF $GDX +77.9%
Excuse the squiggles....but gold starting to look very bullish for retest of 1730 and imo its time to break through tonight.
Can see the build up on the hourly. Got rejected last night but giving it another go since our market closed.
Gold sector was giving off a few green shoot signals this arvo too.imo should prove fruitful for those that added positions over the last couple of days.
Speccy sector interest best I've seen in years. If we see new gold 12 month highs they will run even harder