Loading ...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…