Gold glimmers as NVIDIA fades

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The Market Ear with the latest on NVIDIA’s fade out and the resurgence of gold.

Not so sexy SOX

SOX continues trading inside the huge triangle like formation, but we are getting close to a break out. Note we are once again below the 200 day moving average, and the 100 day has just crossed the 200 day. Not looking great…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.