Loading ...yes, it’s off. its low but. still red–and I don’t ken as to. why. it. printed that low either…so, gang, I will cling. to that thin. straw. and hope it keeps me from falling 10 stories to the ground…other than that, only. a. fool. would. deny that. today was probably. some kind of. serious turning point. for PMs…no, not the end of the world…but the start of a 10 or. 20 percent correction…hopefully not worse…
if. we get. a 20%-er how much u wanna bet the traders who missed this rally and said they’d buy a good correction won’t buy it?
http://futures.tradingcharts.com/marketquotes/DX.html
Of course, there’s always the pissability the jobs report is below 195K…and it. doesn’t have to be MUCH below to cause everything to turn…like 150K-160k…not to mention 90-110K….but consumers spending. and confidence has been strong, so odds of a weak number are low
But trillion dollar. yearly deficits and very low interest rates are here to stay–and what does all that buy the u.s.? A 2% GDP–and. THAT”S why gold has been and will. be strong–not trade. tariffs or jobs