OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Today will be a big up day for gold-it’s a good thing gold is red going into the jobs report.

Posted by Richard640 @ 4:39 on July 5, 2019  

 
Actually gold needed more of a time out sitting on the bench-that helps it get its [RSI] overbought situation in better shape–Alex Batmusky, a J.P. Morgan bond trader said “an absolutely blockbuster number would be. required to get the FED to not cut at the July meeting”   Here is the supporting documentation from a most reliable source–none other than J.P. Morgan–if they’re betting on. a rate cut, then this jobs report is nothing to worry. about=
J.P. Morgan Asset Buys Bonds Mulling Fed at Zero, Return of ECB QE
BloombergJuly 5, 2019

(Bloomberg) — JPMorgan Asset Management is buying Treasuries and Italian bonds betting the Federal Reserve will cut interest rates multiple times this year and European policy makers will resume quantitative easing.

The $1.7 trillion money manager is snapping up U.S. five- and 10-year notes as it predicts slowing inflation and global trade tensions will convince the Fed to lower its benchmark by 75 basis points this year. Italian bonds will be one of the major beneficiaries if the European Central Bank restarts debt purchases, said Seamus Mac Gorain, head of global rates in London.

Italy Attractive

JPMorgan has turned constructive on shorter-maturity Italian bonds, including five-year securities, in a bet they will be boosted as the ECB resumes debt purchases.

https://ca.finance.yahoo.com/news/jpmorgan-asset-buys-treasuries-italian-232730730.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.