Here they go again - day 2 of going downNot only are the markets in crazy valuations but now the government is manipulating the GDP number, which is ieasy to do since they can estimate inflation as they wish and they assumed a humongous figure in the GDP equation.Look it up , very easy. Over 3% GDP right now is preposterous.Your gut reaction was right.
It was thus easy to push gold down $30 even when the US dollar only went down very stlightly.
But these were the 2 steps down for gold. They know tomorrow the CPE will favour gold , that figure is harder to play around with. So big day for gold tomorrow. You will see.They really knocked down gold a lot preparing for that but the asians love it because gold is cheaper. But not tomorrow since gold will fly with the CPE figure.
This GDP political number is a farce.