Loading ...We all know they don’t like high gold prices. So the Fed announced a wimp 1/4 point .25% hike on Wednesday, Obviously afraid to do 1/2 or 3/4point, so Thursday Gold gets brave and jumps $30 almost to $1,980/oz. So the job numbers are like a full 1% rate hike effect.
Then today they announce crazy high new jobs numbers, that “say” or imply, rates will go a lot higher, and push Gold down $88 from the high to todays low. Crazy highs and crazy lows are common in many things lately. I see a big jump in the USD today too.
So Gold has been chasing the Fed so the Fed throws a chair in front of it. LOL.
I’ve been noting for years a lot of unneeded fake jobs created out of thin air. But Like I said from 2008, they have to bring jobs back and that trend started during Obama after 2008.
https://finviz.com/futures_charts.ashx?t=GC&p=h1
I find it hard to believe the Gold rally that started in November is over already?