A.M. Look 5/22/20

China Power grab in Hong Kong put a floor in the Gold and GoldinEuro.

It would be logical to see more profit taking ahead of a long U.S. holiday weekend.

Let the day unfold.

We’ll see who wants to hold em and who wants to fold em.

The less you do the happier you’ll be.

Next month will be busy.

As of this writing the Spoo’s have not elected higher targets on my work.

Gold consolidates, and has not elected the next major target on the sheets.

I’ll be in the Room off and on for most of the day and again for the last hour.

I was stopped out of the Soybean longs @ breakeven.

China will not be stepping in to buy anything from us, right or wrong, while being made out to be the world’s boogeyman.

Thank you to the Room for your quality discourse and ideas.

Wishing everyone a great holiday weekend!

The next DMI will come out on Monday for Tuesday trade.

This entry was posted in Archive and tagged , , , . Bookmark the permalink.