Friday was just one of those days where the ‘invisible hand’ tried to instill some confidence in the wise and benevolent judgement of the money masters, after a central bank, in this case the ECB, does something very visible and ‘lays an egg’ in doing it.
So after all this yesterday, are you feeling more confident in The Recovery™?
The chart formation in gold remains intact, but not activated or nullified as of yet.
There will be the March FOMC meeting next week.
Let’s see what happens.
Have a pleasant weekend.
