The debt ceiling is saved – at least until December. Evergrande is over – well probably not. An energy crunch is coming – quite likely. The U.S. job numbers are showing a weakening economy – certainly appears that way.
For permabears who have waited patiently for a fitting climax to the most most insane bull market of them all, it would be like finding a WaWa Market at the top of a Himalayan peak they'd almost died scaling.
A big picture look at Gold. Gold's 8-year cycle was likely hit last year and the next cycle will bottom sooner, looking for late 2022. We are in a nasty sideways ..
If government subsidies have ended, the $300/check per person and Christmas season is coming, then we should see people looking for jobs. Gold remains stuck here, not trending.
