The Retracement In the Price of Gold

By: Jesse

Here is a closer look at the retracement of gold we have seen as of this morning.

While the US markets are closed for Presidents' Day, the rest of the world is open for business.

As you can see from the second chart from Friday, gold had become quite overbought short term.

And I will also caution that the markets have not suddenly turned honest and efficient overnight.

I will be otherwise engaged at hospital for a colonoscopy, an activity a bit less distasteful that watching the political debates but inconvenient nonetheless. And so I will not be available for emails or comments.

And we had to have our dog put to sleep this morning, as she was needlessly suffering.

So I think I will take the rest of the day off.

See you tomorrow.

By Jesse

http://jessescrossroadscafe.blogspot.com

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