RE:RE:RE:RE:RE:RE:RE:Jobs in 5 min peepersBillysBlckStrat wrote: Goldbug52 wrote: BillysBlckStrat wrote: Goldbug52 wrote: BillysBlckStrat wrote: Goldbug52 wrote: BillysBlckStrat wrote: Lets see what the pog does eh. If anything.
BB
I'm not the biggest fan of Oldfx1 but he's right about one thing: the only thing the price of gold depends on is the US dollar index! A lot of goldbugs say fiat money printing is going to cause the price of gold to go to the moon! These people are deluded! When everybody in the world is flooding the world with their money printing, everything stays relative including the price of gold! The only thing I'm counting on, is in order to be reelected, Trump is goona squeeze the Fed to print fiat at a greater rate than the rest of the world, thereby making the US $ weaker! But for competitive reasons (economically wise) everyone will try to do the same thing! That's the conundrum!!
Dont give that retard pox credit for anything at all. Everyone knows the pog and dollar are inversely correlated.
BB
Then, why mention the jobs report, as if it's going to make a difference to price of gold ??
Because it also influences the pog.
BB
I guess that that means the butterfly fluttering it's wings in china also affects the price of gold! Right?? Check out the "Butterfly Effect"! Or is it causing a typhoon in Japan?
Employment is a reflection of the strength of the economy which affects the USD which affects the pog toad.
BB
I guess if I fart at the home depot when I go there today that'll affect the economy too?? They're going to have to evacuate the store, causing a loss of sales which will cause the parent company to post lower profits! By the by, Oldfx1 is a lot smarter than you!!