OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Rates and dollar dipping

Posted by Buygold @ 5:33 on October 30, 2024  

Looks like there’s a little follow thru in the bond market as rates are down 4 bips to 4.22% this am. Dollar taking its cue from that and dipping just a little, not much. Wondering if both found a short term top yesterday.

Gold sort of meandering higher, up $8 to $2,882. Silver down $.22. Not sure if we should expect a big rally here after yesterday’s gains, but hopefully the dollar won’t be a head wind for a little while.

Everything else is flat, oil, SM, Bitcoin after a huge day yesterday. PM shares are mixed, call em’ flat at this early hour.

Eco data could move things around – GDP expected to be 3%, ADP payrolls expected at 115K. Both will probably beat like every other phony number this administration puts out there. Lies, damn lies and statistics.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.