Fri unemploy is dismal but can't raise gold/cryptos todaythey have to disconnect bad news with raised gold/crytos prices.
Plus the narrative is 'it's the vaccination and back to normal'
THE VACCINATION AND BACK TO NORMAL
THE VACCINATION AND BACK TO NORMAL
THE VACCINATION AND BACK TO NORMAL
Nothing penetrates that yet !!!!
https://www.youtube.com/watch?v=McR3ZzaVZg0&ab_channel=GregoryMannarino (2)
Plus since last august the FED said everything is stabilized by the new QE and
rescue packages, debt spending.
https://www.kitco.com/news/2020-08-19/Gold-price-drops-down-3-on-the-day-after-Fed-minutes-push-back-on-yield-curve-control-program.html "Although it appears that a yield curve control program is off the table for now, the
minutes said that the central bank is ready to act if the economy continues to slow.
“Participants reaffirmed their commitment to using the Federal Reserve’s full range of
tools to support the U.S. economy during this challenging time,” the minutes said. “They
noted that the path of the economy would depend significantly on the course of the virus
and that the ongoing public health crisis would weigh heavily on economic activity, employ-
ment, and inflation in the near term and posed considerable risks to the economic outlook
over the medium term.”
Not only has the Federal Reserve pushed back on the idea of capping bond yields, but economists note that it appears the Federal Reserve is in a transition period as it weighs
its monetary policy response in reaction to the ongoing COVID-19 pandemic."
(3)
Only inflation and of main street will be allowed to raise gold's price especially.
Huge debt spending which is devaluation or deflation of the US dollar's price should
also raise gold's price. But not being allowed.
And increased deficit spending on budget should also increase gold's price, but not
being allowed.
It's not a market system anymore. It's the big brogher, father's knows best system,
and determining what prices should be.
ie
Money printing and deficit spending up, gold down.
Stock prices up, gold down.
Unemployment down, so less inflation, gold down. But mess making is up and gold
should be up, but down.
Vaccination narrative and back to normal narrative after that, and gold down.
And no sovereignty debt and bankruptcies problems, everything is just fine, and gold
down.
It's a bizarro world like gregory mannarino and many others, say, but gold down.
Ugh !!!!