The Market Perspective: 13.5 Month Low in Gold Taking Hold

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It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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April 16, 2019

13.5 Month Low in Gold Taking Hold

Tuesday April 16 2019

The cycle low of 13.5 months was due in March. That occurred but it apparently being re visited in April.

This Friday is April 19, an interesting date of considerable historic significance.

https://en.wikipedia.org/wiki/April_19

This marks the date of the start of the Revolutionary War and the US Civil War.

It looks like the XAU will make a secondary low this Friday.

The XAU dropped below its daily MAs yesterday which suggests weakness ahead.

Daily XAU

PMO looks likely to bottom this month.

Posted at 10:42 AM in Gold Silver | Permalink

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