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The Gold Update by Mark Mead Baillie — 459th Edition — San Francisco — 01 September 2018

Posted by Richard640 @ 9:34 on September 3, 2018  

Gold has now closed lower for five consecutive months for just the 11th time (on a mutually-exclusive basis) across the 524 months from January 1975-to-date. Therein, Gold has fallen for a sixth consecutive month just three times (and not since 1989), and never for a seventh consecutive month. To be sure “Buyer beware”, but at the same time “Buyer don’t get left out”. Here’s the graphic with its defined major strata:

Finally, let’s close with a note on the Federal Reserve Bank. Two headlines caught our eye this past week, one being published directly atop the other as follows:

The first one read: “Markets May Be Signaling Rising Recession Risk: Fed Study”
The second one read: “Powell: There Is ‘Good Reason’ to Expect the U.S. Economy’s Strong Run Will Continue”

Whaddya think, George?

–(a Daryl Cagle classic)

On the other hand, Gold’s been a classic since BC and before!

–“He got dat right, Arsinoe!”
—-“Oh be still for the engraver, Ptolemy…”

Cheers!

…m…

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.