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..
On one hand, the bankers are being honest about having lost control of the situation; on the other hand they're being somewhat dishonest about the economy...
Bullish seasonality was at gale force last week, but just look at the tired chart! Is this the best that Wall Street's quasi-criminal masterminds can do?
The seasonal weakness tends to be compressed into early June, with gold and its miners’ stocks carving summer lows in mid-June on average. From there gold and gold stocks..
I suggested for traders to cover shorts on gold here and go on sidelines during the holiday period. $1,834.90 needs to be taken out to break the negative view.
