stimulus will be extended i would say , see gold finally getting the profit taking had to happen.
check out the dow jones utilities big ascending triangle in play when it breaks upside should be a massive rotation into utilities . probably flow into our utilities although i see there has been a sustained investment in the likes of vct , spk , cnu already so leaves plenty of catchup for the gentailers esp on positive smelter news . lots of speculation closure will be delayed in the newspapers
New 'final decision' on aluminium smelter in four to six weeks, says Forsyth Barr
The Economist finishes an article entitled 'The Trouble with TINA' by saying
"Sooner or later investors seduced by ceos’ public sweet talk—and by tina—will come to their senses. Won’t they?"
peter shiff been saying gold $5000 for years , he must be getting excited about this rally lol . anyway rsi 87 on daily , 80 on weekly ( last peak was 83 ) so still way over brought on this indicator
getting the big correction , down 83 dollars as we speak. still overbrought on the mthly rsi above 80 still , dailies not now
wall st hammered down from good gains heading to the close esp the nasdaq even the rotation into value the last few days being hit now. not good lead for NZ
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