Ok definitely the call was to early, are we starting to see a pullback in gold now? you be the judge
This chart is looking like it! But it will really depend on the upcoming housing, and other market moving data!
What we are looking for is any data showing the U.S. economy looking weak, this would be a good sign as the federal reserve should stop raising interest rates.
This last little rally in commodities should begin to stop once there is a clear pattern the FED is going to stop with the rates.