Monday, January 12, 2015
Gold ex-USD looks great
Still going up, guys:
Problem is, if I have to do TA for a target on this, I guess I'd have to draw an Andrews Fork or something, and frankly I can't be arsed with that level of TA.
Instead, let's just point out that gold has broken out and is appreciating quickly in Euros, in Swissie and in GBP. That means there are now three large populations of white-ass cracker honkies who have suddenly realized they'd better switch from short gold to long gold.
What's Ritholtz been up to recently?