Go Baby Go .
Cackling Old Hen
Go Baby Go .
Cackling Old Hen
A Gary Wagner snippet from Kitco this morning .Confirms what should now be fairly obvious and PMs should move up further , particularly if the fake Covid variant stories are continued .
DXY took a large hit yesterday and if it falls further -- say under 91.80 -- this will be extremely bullish for the metals .
QUOTE :- This jobs report was an extremely bullish factor for gold futures taking the precious yellow metal $18.40 higher, with the December 2021 contract currently fixed at $1829.90. But the most profound effect that this report revealed is that the Federal Reserve will have to hold the current plans to normalize their asset purchases by tapering and cement their conviction to leave interest rates near zero for quite some time in the future. These factors have will an extremely bullish impact on the safe-haven asset gold for multiple reasons, which we will detail and discuss in our daily commentary next week.
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