RE: Here comes3 Jan 2024 06:36
One observation - BCHS sold off all day -from everything like commodities eg Palladium to the NDX itself , all other assets had written off their last 5 days of gains or losses, and ARB was just about the last tree standing. The last hour in the US saw a suggestion that the fall might be over - but that is typical of a bearish move which just goes on and on surprising to the down side until someone rationalises it and its too late to benefit. Across all the assets I monitor there is now no upward - or downward - momentum. That may sound a bit like selling before the news but in reality I suspect it is about risk off across the general market. A very nasty scenario for all players in all markets with smoke and mirrors every
where - so GLA.