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- Geevs replied Mar 8, 2024
Theoretically weak jobs should move it up, as this would mean rate cuts are nearer. However that may not be the case, rate cuts would see stocks rise, which could move people out of gold and into stocks, so there really is no telling
Gold
- Geevs replied Mar 8, 2024
Bloomberg Suggested it could be central banks buying, which would make sense as it has been climbing continuously with seemingly no selling pressure. If it was just banks and funds buying it would be more choppy, and there would be much more of a ...
Gold
- Geevs replied Mar 7, 2024
Stong economic data = delayed rate cuts = bad for gold (theoretically)
Gold
- Geevs replied Mar 7, 2024
In my opinion sell off is imminent. NFP tomorrow which is expected to show strong us economy and delay rate cuts. but then again I’m down a lot so I’m probabaly biased
Gold
- Geevs replied Mar 6, 2024
As soon as the big boys start taking there profits it could drop significantly, it’s been pumping for 6 days. Profit taking got to come at some point
Gold
- Geevs replied Mar 6, 2024
As soon as the big boys start taking there profits it could drop significantly, it’s been pumping for 6 days. Profit taking got to come at some point
Gold
- Posts by Member Search: 'Geevs'