"Euro 50 Flips Draghi the Bird, S&P 500 Fails at a Key Parameter, Semi’s are Fundamentally Bearish and Gold Has a Sentiment Washout Within its Bear Market Markets Had Been Obedient, Until Today"
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Gary's antennae are twitching. This is a really good post from the Biiwii man about the macro backdrop, what he sees in the charts and even the near future for gold thrown in for good measure. Draghi, Janet, Jerbs, all in the mix. Well worth a read, plenty of food for thought, here's how it kicks off: