Gold is on a freefall and volatility is high.
Expect perturbations with rapid price movement for the coming months.
If September 2nd job report is under expectation (under 175,000) gold could rebound rapidly in a close to violent move as it could signal not intérêts hike until end of December and a drop in US dollar value.
As of now, stock also tend to take for granted that elections winner will be Hilary Clinton. Now what would happen is Donald Trump was to take lead in some areas???
My take is that August job report has never been that good so i expect a job report under expectation.
Expect high volatility and have fun
Expect perturbations with rapid price movement for the coming months.
If September 2nd job report is under expectation (under 175,000) gold could rebound rapidly in a close to violent move as it could signal not intérêts hike until end of December and a drop in US dollar value.
As of now, stock also tend to take for granted that elections winner will be Hilary Clinton. Now what would happen is Donald Trump was to take lead in some areas???
My take is that August job report has never been that good so i expect a job report under expectation.
Expect high volatility and have fun
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