Why this correction on gold is so weird and beyond logicTha markets are now 100% under bank and govt controls, forget individual stocks, just look at sectors.
They (definitionof they:rich and powerful peope):
1)raise unterest rates so they get a better return on bonds. The poor or slaves = us,will pay more on loans - 5% is the target. They are not fighting inflation, they know econoomic indicators are lagging
and pretend tha this is the enemy, but its not, its their greed.
2)Increase the US dollar value so americans are not as hard hit by inflation to buy imports for the elections
3) decrease price of oil, opec .They said output would raise by 2 m barrels a day when they had already secretly reduced output by 3.2 m barrels a day because of US insistence. That is why prices went down to help the US election. Prices will go down now slowly to make all this look normal.
4)Greed inflation or people lying about costs to justify price increases is the their biggest enemy. So they use interest rates to stop everyone.
5)Gold will be kept under control by the US dollar and no way it sways from a standard deviation of 10%, just like oil.Everything thus looks normal.
6)Once they are out of the stock markets into bonds they will look at the capitulation in stocks and then buy back into stocks when the bottom is hit and they will know by the volumes, forget the graphs and logic
Sorry but this is what is happening so get used to it unless another 1789 happens.