RE: RE: No Way is Gold Collapsing Definitely looks like a rebound, but what has caused the rebound?
Low rates, money printing and huge government spending (ie - deficits).
Let's see what happens next week if/when the govt has to furlough 800,000 workers (of course, they'll probably kick the can down the road again). The better question is - why does the government have SO many workers?!
This is a purely manufactured rebound.
I hope they keep printing - for the sake of propping things up (and helping gold prices and VIT!)