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The rally was completely unjustified. I don’t think yesterdays price action anomaly can be read into that much
Looking at markets tonight central bank is actively shorting metals etc to bolster their bogus stock and bond markets again as usual. The way metals are priced if you do a longterm comparison chart Snp should be 1200 not 3600, just the facts as that is the epicenter of monetary inflation. Gold tends to hold up better as banks tend not to hurt self as there is no shortage of gold as well they know with vaults full of thousands of tonnes. Central banks, that is to say gov.banking don't hurt their book of stocks/bonds/gold other than cosmetically associated with rising rates propaganda given rates are several percent negative needless to mention passbook saving paid %5 not that long ago. Several other points could be made in regards to USA seizure of Syrian oil fields and resource wars as Russia is currently their target.