seems like a few folks are looking for lower before the bottom is in. i see hourly divergences from oversold on gld /gdxj/slv of course these divergences can be taken out and then we start all over again. definitely a possibility. i dont think its probable though , we see?! 1261, 1245, and 1229 are support. hadik has been talking for years of mid east tensions in this time period starting tomorrow in fact. and w/trump declaring jerusalem as the capital of israel that may hasten the tensions https://www.washingtonpost.com/world/arab-warnings-mount-as-us-suggests-shift-to-name-jerusalem-as-israeli-capital/2017/12/04/4540df3e-d8ef-11e7-8e5f-ccc94e22b133_story.html?utm_term=.72e0c13b4f35 i wont give an opinion here.
decembers have provided the lows the last several years, it seems this december will not be different. miners blood is running in the streets i am trying to show some restraint as the prices are very appealing. i have built a big position. today is the bradley . the fed meets on the 13th, i would think the rate hike, should it happen , is baked into golds cake. and friday is the jobs #s , which gold has a tendency to decline in front of the release. we are close if not at the lows. no guarantees
dharma
