Trump takes biotech to the woodshed

He has hurt defense contractors, tech, autos….today was the biotech’s turn The biotech ETF (IBB) took it on the chin today after the President elect took the industry to the woodshed for it’s whipping. Trump has gotten on the case of defense contractors, tech like Apple, the auto industry. Today, a warning shot was shot …

Gold closes in on $1200 in flight to safety

Gold nears important technical zone Gold is up $10 to a session high of $1198. That’s also the best level since November 23. I have () the $1200 level in gold as a key technical retracement point since the start of the year. It benefits from positive seasonals in January but the longer term picture …