Loading ...Gold’s 10 bucks off its high–silver’s a dime off its high too…I think there’s a chance that those high could be reached again before the close…50/50…but first it looks like they may claw back ALL the overnight gains…a good time to do it in thin trading.
#1–A bit of subtle propaganda/jawboning=Bloomberg led off their. 4:30 segment featuring the head of the San. Francisco FED, Mary Daly, Â saying. that “it was still too early to tell if a rate cut is needed”
#2—U.N.=Iran to breach nuclear. agreement. within days
I would dismiss number one-that voice will get lost in the din of the crowd—number 2 showa that there are a lot more reasons to buy gold besides tariffs and rates….like the World-Wide. debt and derivative bomb aka Modern Monetary Theory