Post by
mouserman on Aug 27, 2020 10:10am
Gold and silver bounce up hard , then down again
Takedown was quite aggressive as the LME and NYMEX teamed up to take the wind out of the sails of the precious metals bulls who pushed the stock up quickly to 1970$USD and above early on. Powells comments about inflation and pushing for jobs for the economy should be met with a lot of skepticism... given how well the US has handled this pandemic.
MAny businesses suffering and when the helicopter money runs out , they will go under.
Gold and silver will still have their day....as usual we wsee this kind of action early on , before the real buyers get out of bed and step in.