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You have to laugh, Yellen says all is good and even sounds hawkish, in spite of the last Q economic data, in spite of a roll over in too safer stocks, in spite of the DXY lower....but next Q everything is going to be much better. The Fed chairman's has been making this speech now for seven years, promising just around the corner it will be better. And investors love it especially the MSM and banks. Meanwhile China's gold demand YOY is up by 2T...not much but certainly not the nonsense we had been hearing for the last month about demand falling.....and don't forget there is a new exchange where gold import are now unaccounted for.
Pog got hammered last night on the rumor of good times ahead. But that is all it is.....a rumor.