Interesting that you say gold is overbought. It’s just now reaching intermediate price projections after it recently broke out of a multi-year high, with a conventional measured move objective that’s significantly higher. Short term projection was 2125. I wouldn’t sell it at least until it breaks a trendline.
This really is just the mirror image of the ongoing collapse in the dollar. Here’s where it’s headed.
Nobody knows what the Fed will do over 5 months. The Fed itself doesn’t know. Nor does the Treasury know how much it will need to borrow that far in advance. The TBAC is pretty good for the current quarter after they’ve had a look at the first 6 weeks, but their estimates for the next quarter are usually way off. Like most econ forecasters they suck at it. But there’s no mystery what the Fed will do…
Fed QE: $6.001B Coupon Purchase 2020-08-05
The U.S. remains global basket case.
Some improved dynamics in death counts
The numbers are bizarro.
This is a syndicated post, which originally appeared at The Institutional Risk Analyst. View original post. Grand Lake Stream | Federal Reserve Board Vice Chairman…
Social media offers hope of achieving higher social status, something that is increasingly out of reach in our winner-take-most economy.
It’s been a while since I’ve written about Bitcoin and for good reason: Bitcoin was stuck in a consolidation range for 3 months and the question was whether BTC could break out […]
Energy produced by coal around the world has been rising globally over the last decade despite increased efforts for alternative sources like natural gas and renewable energies. New data shows that global coal power produced in 2020 is expected to fall…
