Loading ...Maddog-got ya
I’m actually really surprised rates are up with the dollar down. Not what would be expected based on the jobs report.
I figure if they are going to come into crush pm’s they’ll do it in the first hour.
Buygold
It ain’t so easy to Rig rates, as sellers want all the cash…It’s one thing selling paper mkts and never paying margin etc, as delivery is rarely demanded, but when a cash Bond seller sells, he/she has to get the cash .
Buygold
Re Rates…wud u lend China Joe 2 cents…I wouldn’t…nor it seems will anyone else…
check the action in the Dollar
FX dealers ain’t stupid….they can see only the Rig moves mkts like this……those moves are jokes.
Jobs report huge miss
235 vs estimates of 750K
Knee jerk is nice gains in pm’s but the scum is already starting to pair them back and rally the USD.
Hopefully we can hold some gains.
Jobs report day
I see the metals are up a little this morning before it comes out. Not sure that is a good thing but we’ll find out in a half hour or so.
Ipso
Armstrong keeps reiterating that the only thing that will drive gold up is the loss of confidence in the Government.
So I’m confused because if so then why isn’t gold at 5000 going on ten, twenty thousand when Biden got put in office.
So who is it, the bankers, Wall Street, Feds the Congress printing press or all.
Since we got Oscar Cortez wanting the Feds to “re imagine” if that wouldn’t be a loss of confidence don’t know what would be but doubt if they’re going to listen to her or hope they don’t,