Loading ...Nobody I know have been selling, all holding. Maybe we are just seeing computer generated numbers? Gold the monetary metal has been holding the $1800 area a long time.
But the economy metals like platinum and palladium lower may be reflecting less car production?? But then again, the desperate imbeciles have the US Dollar rocketing higher instead of running the interest rates to 21% like the last time.
Really, what’s the difference between higher rates and a higher Dollar to get commodities lower?
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1
On the positive side miners are pretty much still above the Covid lows and that 2016 bottom. Both times started nice uptrends.
Also amusing, much higher energy prices even though they pumped up their fake dollar. Can you imagine how much HIGHER these gasoline and diesel prices would be today if that dopey/dollar was lower where it historically was around 80??? Gold too would be a lot higher.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=w1
Dollar ETF https://finviz.com/quote.ashx?t=UUP&ty=c&ta=1&p=m&tas=0