Yesterday's, Gold $33 drop, Sept 25th '19 - What can it tell us?
Tronic last edited by Tronic
Yesterday's Gold price received a real smack down.
Less notable is the $33 drop but the conjunction with the #Impeachment frenzy via the media led by the Dems, that appeared to reach peak level at the same time.
It looks a lot like an attempt to demoralise support and create a plausible effective narrative reinforcement, by hammering a number of core totems of reference for Trump supporters and everyone else besides.
A believable show.
Online speculation claims, this has been another cleverly designed political trap, even Hillary Clinton was moved to jump on the #Impeach bandwagon via her twitter account.
Those who remember Bill's time in the oval office, may find this output mightly ironic, to say the least.
If it was an attempt to create some political and market shock and awe, it's hard to see it working in the long term, i.e. being sustain much longer into the news cycles next week.
The reality is more likely, a growing cohort of Trump supporters, who witnessed the Global Finical crash of 2008 and have not forgotten, knowing Gold truly has a long way to go reach it's real market value, especially now that the Fed essentially under new management.