Gold appears to be in the middle of a bloodbath phase. Tends to run 5 - 7 days with some flat days. So looking for next week for a very good opportunity in metals.
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..
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.
The Indian government raised the import tax on gold from 7.5% to 12.5% in a bid to curb imports as the rupee has sunk to a record low. In 2021, India imported the most in a decade.
Keeping an open mind can be very hard when so much information is bombarding us each and everyday of our life especially in this day and age. Information overload can cause mental paralysis..
