RE:Down day for AR Actually POG is down from yesterday when AR closed at $1.62.....Makes sense that AR would be down a little today....IMHO POG will be rangebound from $1160-$1200 for the next month....Certainly as we approach the next Fed meeting POG will most likely drop due to market expecting rate increase which in my educated opinion will not happen this year.....The FED knows for a fact that the employment #'s are not accurate....and that they cannot afford for the USD move any higher from here.....
Let's talk about the USD, see link below.....
Have a read on US Trade deficit......Spells big trouble going forward IMHO and they know it...
https://abcnews.go.com/Business/wireStory/us-current-account-trade-deficit-widens-1135-billion-29749225
POG going beyond $1200 and when it does we should see $1300 not long after....