RE: Speculative18 Oct 2016 23:00
Lotech. It's what I've been pulling my hair out about ALL DAY today.
S&P shd have crashed by now seeing as the PMs have gone up and hence what for the umpteenth time ruined my spread bets.
Agred. If S&P was holding its own and PMs were down, this wld be expected. But today, S&P went up, and so did PMs. Not expected!!
GDX has hit 24 and that's the only explanation I can provide that once this figue was breached, it's a 'all systems go' for the ascent of all PMs and in particular gold.
From what I've read / researched, the reason the S&P has not yet dropped (though it shd have) is that the TLTs are keeping it up ie. iShares Barclays 20+ Yr Treas.Bond (ETF).
Once the bonds break 131.50% (hopefully tmrw), it will no longer be propping up the S&P and it can commence its speedy descent.........
God willing, it will crash tmrw. Else, I lose eveything due to my ill-timed entry point which has overstrecthed me. Again!!
So. its the 10 yr treasury bonds supposedly propping up S&P.... HTH:)