Though unemployment is not rising much yet, a slowdown in hiring (new jobs) has become quite evident with one bad report followed by another abysmal report...
Central banks still may want to moderate gold's ascent and prevent what they may consider terrible accidents - that is, price spikes showing the possibility of free markets as CBs lose control after decades of unfettered money and credit creation.
An inquiry into America's sound money stockpile is more relevant than ever, given an inflationary environment where $37 trillion in U.S. federal debt looms large and given that many central banks have been accumulating gold at record rates over the last few years.
Gold's short trend continues from which an ascent up through 3487 in the new week would initiate a new Long streak. Such level is +156 points higher from here, which is not unrealistic as Gold’s expected weekly trading range is presently 151 points.
