But 85-90% of the time gold has been rising during the hours when the eastern hemisphere physical accumulators are trading and gets pushed lower once London and then NY open..
As Q3 begins, the narrative of higher U.S. interest rates and a soaring dollar continues. But what will the narrative be by the end of Q3?
Proponents of Bitcoin claim the crypto currency will be widely adopted as money once its current volatility subsides. Economics says otherwise.
The idea that fuel prices fluctuate because of the small spread charged by gas stations is absurd. It would be like blaming bullion dealers for the market price of ordinary gold coins.
This looks like the beginning phase of a bloodbath phase and usually last 5 - 7 days. The Euro is dropping into an intermediate bottom.
Credit card and mortgage rates will rise, hitting the average citizen hard, but US T-bond rates should decline, allowing more war mongering and reckless spending from the government to occur.
Gold has not been a very good inflation hedge. Why? Energy and Gold demand..
FOMC minutes will be impactful only if there is a change in the interest rate hike view. Else it will be a technical trade.
