The herd rushes to the opposite railing.The market trades as the market thinks it will trade. The dip in the USD with the Durable Goods number demonstrates the uncertainty of investors on the future economy. The problem is the unsure interpretation of the news by market participants.
An ounce of gold is constant, how many USD it takes to purchase it varies according to mood and demand for U.S. currency, mostly. And while POG has risen 37% in the last year, the USD (DXY) is only down 2.3%, as both seen as safe-haven assets.
I’m posting here in hope of learning by reading the views of others. I already know what I know even if I don’t’ understand it. I can see the lurkers, but if new to sector, they must have questions, and the old salts like me must have experiences that are instructive and might benefit others.
Think of this board as a mutual aid society.