Loading ...a few points by deferred Federal spending and. increased state spending..the main thing this report does. is. guarantee that the rate cut will definitely. happen–had it been a blockbuster. number then the cut wouldn’t be a certainty–so now. the Street and traders can set that [next wednesdays cut] aside…and again foucus on the REAL reasons gold should be bought…how. bout, for openers, the HIDEOUS trillion dollar spending bill that. was just approved…howz about debt. & money printing…and the greek 10 yr bond yielding less. than the u.s. 10 yr note …and all the other 172 reasons to own gold
Gold up 4.90–and. ignoring the “stronger” [cough! cough!] GDP report. and the green $–up a modest .153—THIS set-up possibly allows for a rather SUBSTANTIAL up day for G&S…we’re back to gold leading but that’s fine…gold led PMs out of the doldrums and got. it over 1350….so, Vishnu willing, gold will lead us over the hump=1500