SP 500 E-mini Future
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Daily GC
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The bonds seemed to have priced in the equity pullback from record highs of mid last week so the 2.5% drop in the ES is not as alarming as the near 20% drop in Silver and 15% drop in gold the last 2 sessions.
In my opinion the level which GC broke to ultimately triggering this move was 1537.60 on friday.
Currently gold is down 28 points or 2% @ 1333.23 after 1355 2 hours ago, 1320 is now the line in sand before likely 1300 gets tagged with a brand of a 240 point drop in essentially 48 hours, excluding the weekend. Electronic markets. do this. notice most of this drop was off the floor volume anyway..
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