Loading ...The FED/PPT/Wall st does not like. this gold rally–they are going on. a “dialogue offensive” to the. effect that the FED “really isn’t dovish”…which is preposterous…but watch for it in the coming days…the next “event” for gold is. the jobs report…a somewhat weakish number is overdue..
The whole predicate for this measly 13% gold rally-[Bitcoin up 100% and no one says Boo!]…was the FED shift to dovish…so Powell said the FED’ll be “data dependent”–OOGAH! So now the FED is back to hawkish? It’s all so ludicrous…basically nothing has changed…the 172 reasons to own gold are still valid…the Greek 10 yr note is still the same yield as the U.S. 10 yr….the world is drowning in debt…no. rate hikes here for the foreseeable future…we’ll just have to play this farce out
I can’t believe the HUI is down 11 pts…Jeez! That drop nullifies. the argument. that. gold buyers are too. bullish…if. they stampede out like. that, then gold has NO. sentiment problem…I admit to being shaken when I. came home and saw the HUI down 11…