Loading ...I agree. Plus Silver got so low its up for three days now. If Silver rockets back up to $24 or $25, gold should do better. Besides that, TPTB or deep state are in a losing trend. They can’t win. In my opinion of course.
Plus knocking Silver down probably helped Gold drop. Also they like to knock Gold down before the open, probably to scare people, but they lose part of their bash during the day. Look at Silver and Gold going opposite each other.
https://finviz.com/futures_charts.ashx?t=METALS&p=h
Plus again. The Bonds look ready for a bounce, (lower rates) and the Dollar looks ready for a drop. And the idiots running things simply didn’t raise rates high enough, like in the 1970s.
Bonds: https://finviz.com/futures_charts.ashx?t=BONDS&p=d
US Dollar https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
Another point. The Fediots must have sweat on their upper lips watching the general market going up like Silver and Gold in the 1970s. (And the high real estate market.) The Dow was under 1000 from ’68 to ’82. Everything cost about 20 times more. So a 1000 Dow should be 20,000 today, not almost 40,000.
Dow SnP https://finviz.com/futures_charts.ashx?t=INDICES&p=m