Cash ain’t nothing but trash!!
Yesterday inn the room we took Yra’s room comments to heart.
He jested as the Gold wallowed around 1460 that the only ones laughing were the Russians and Chinese
who could reload at much lower prices.
Yra has been speaking about the need for a Dollar devaluation to relief EEM funding constraints.
Carnac gets it right again and this room is much better off for it.
We keyed off Gold/Bonds yesterday.
Both Gold and Gold/Bonds are @ key resistance levels.
G20 Finance Ministers are having a conference call this evening.
Look for the current resistance levels to hold until tonight.
Everything else, you’ve got the road map!
Don’t overtrade and don’t share!!!