I have been doing this for many years and I can tell you, I am afraid of days like Friday. There is no way to know what we are going into on Monday. Nothing friendly on the Gold chart.
Momentum and technical are bearish for gold. Every central banker in Jackson hole has said that slowdown and even recession is needed to bring down inflation.
Then came this from a survey by PricewaterhouseCoopers that some 50% of Stateside companies are poised to cut jobs. Uh-oh. Further, as stated by Foxy: "The survey comes amid...
At the end of the day, American people are obsessed with living their life in debt. The reduced debt burden (if any) will be used to buy consumer durables or for a vacation..
