FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Options expiration in Silver today and Janet speaking at Jacksonhole tomorrow are never going to be bullish for PM’s. I would be more worried if PM’s were rallying into Friday to be honest..
Confidence in the Central Bank’s leadership has dropped. Forget the rate hike in September.
For me, the last weeks in gold were pure manipulation again. Thank you jawboning Fed goons!
We are in the Primary third wave in gold .
This is typical of Gold and all commodities .
The impulse begins more slowly and the correction is relatively time consuming in second wave corrections.
Momentum will builds towards the middle of the impulse for this third wave and will build further during the fifth wave ending in a blowoff top.
NIRP (Negative Interest Rate Policy) is a game changer.
Major countries are issuing negative rate bonds (more than $13 trillion in negative-yielding bonds).
You have no REAL recovery.
Deflation, stagflation, hyperinflation are good for gold .


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