Either way, we segue to Gold’s weekly bars from one year ago-to-date, the red-dotted parabolic Short trend continuing to pound its way down. But “upon further review” price is significantly below...
Just when you thought it was safe to go back in the water, the Memorandum of Understanding fell apart, and they are back to bombing each other (Iran/US). Will the new hostilities last with yet another ceasefire? Or will this continue for whatever period of time?
The enemy of your enemy is indeed your friend -- sometimes, and maybe for a while. But why should any gold advocate think that the totalitarian regime in Beijing is any more trustworthy than the corrupt regimes in London and Washington?
Clearly, if 720,000 people dropped out of the labor force in just one month, a 0.1% drop in the unemployment rate does not indicate the labor market is improving. The greater and more important number is the 720,000 people who evaporated.
Small family farms are collapsing at an alarming rate. Driven by crushing debt, inflation in input costs (seed, fertilizer), generational succession hurdles, and fierce competition from corporate mega-farms...
This is a potential major sea change in central bank policy. It is coming at us at the same time as the Japanese central bank is also making changes. The yen is continuing to weaken (finally). The Japanese central bank could raise rates more, but..
