from King World News
Here is a look at the mother of all shorts squeezes, gold, another day another record, more inflation, 1950-today, and LA-fication.
Gold
June 2 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: With RSI (14) above 70 for the past two weeks, gold increasingly needs a period of consolidation, but so far the underlying bid has been strong enough to prevent this. Support: $1890/65/42 and resistance $1916/24/40 (see chart below).