Posteo

Damn! This damn gold has finally gone crazy. 4400 is not some psychological barrier; it's the market kicking the Fed, the Middle East powder keg, and central bank money printers all out the door. Employment data is a mess, with July showing negative growth, and the previous two months being slashed significantly. Rate hike expectations have been crushed, the dollar and US Treasury yields have both shrunk, and holding this non-yielding lump of gold suddenly doesn't feel so bad. The Middle East situation is even more absurd. The Strait of Hormuz is still in deadlock, with claims, no concessions, and navigation far from resuming. Oil prices jump, and safe-haven funds flood into gold. Who still believes the nonsense that "peace talks will end soon"? The reality is that risk#CPIInLineFedWatch #AIInfraEarningsWatch #Gold4400HavenBid