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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
Gold does not hold 1300
Sooner or later we will break of the range in and because of the holiday I guess the short will not want to hold their positions over the long weekend.
The market internals shows buying pressure 1.7: 1 in NYSE and 1.85 : 1 in Nasdaq. We will brake to the upside.
Ahead of weekend Ukraine election and rising violence, gold fails to hold $1300 key level. If gold does not close above $1300 before the long weekend, it will be a negative sign for gold.
The bizarre interest rate behavior continues; interest rates are falling again this morning while stocks are levitating.
There is a potential for short covering ahead of the long weekend pushing stocks higher.
Oil is mostly unchanged.
