Ok, thanks for the update! Yes, frustrating range but If anything changes, please let us know

Kind of like updating the weather in the Saharan Desert.. Hot & dry with no chance of rain.

Basically, gold hasn’t gone anywhere for nearly 2 months now, trading in a relatively tight sideways trading range bound by the top of that bearish engulfing candle that GLD put in on April 22nd down to the early April & mid-May lows around 290.

UUP is back near the bottom of that big trading range on the weekly chart (around 27) which is still very significant support so if the Dollar can rally (again) off that level, especially if UUP can solidly breakout above the downtrend line AND the recent highs, that will likely cause GLD to break down below the recent trading range & head lower.

If that goes the other way (UUP makes a solid break & drop below the range) that would be net bullish for gold & likely be the catalyst for an upside breakout above the recent range to new highs. Those charts below.

I have been keeping an eye on the Japanese long bond (40-yr) due to the recent surge to new highs in the yield & potential to disrupt the financial markets (just like the 30-yr US Treasuries).

However, like Treasuries, the JPY 40-yr yield has pulled back from the recent highs so if I’ve missed something, maybe with one of their shorter maturity bonds, please LMK. Otherwise, I continue to monitor yields closely to see if the recent highs are taken out (most likely very bearish for global equities, if so).

https://www.investing.com/rates-bonds/japan-40-year-bond-yield

Well, ZW is dead money and Randy is in lala land