Loading ...I remember back in June a lot of financial media people in USA knew there was a Fed meeting coming soon, and they were all complaining about “inflation” and one well known big shot, warning and threatening (“I’ll totally invest in inflation assets”) if Jay Powell doesn’t “do something” about it. Also the Chinese put restrictions on investing in metals to inhibit the too high prices.
So in June the Dopey/Dollar got a kick start, and knocked gold down with that. It also bashed the crap out of Lumber in June.
Dollar Goosed: https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
Gold Drop: https://finviz.com/futures_charts.ashx?t=METALS&p=d1
Lumber Crash: https://finviz.com/futures_charts.ashx?t=SOFTS&p=d1