RE:RE:RE:RE:RE:RE:RE:PCE Deflator is out on 30th. If it continues at 1.3%I agree it puts you in a doomsday frame of mind. I believe that most of the data and not opinion to be true. It just shows you what lies beneath the surface of this market. Most of the info is very depressing.
I posted to BTC chart as I believe there will be a rotation out of crypto at some point. If you dont believe in fiat money anymore there will be only one proven place to hide.
That is why Russia came out today and threatened the US on sanctions if it confiscated their gold abroad. Gold still matters to the soverigns. So it should matter to everyone else.
Tomorrow's inflation info could be the catalyst. All that blabbing Yellen did today doesnt matter. She is out the door. She will paint a rosy picture as she exits and lets the blodd fall on someone else's hands.
We get fewer rate hikes in 2018 and Gold is gone skyward.