POG almost made to $2500usd but the margin calls pulled it back as the markets collapsed - Unemployment rate jumped to 4.3% which shocked every analyst as they expected the rate to be stable at 4.1%. I expected it to jump to 4.2% as my previous post. Also, this time around, someone decided not to fake the NFP and printed what it really is - needs to help Kamala with a big rate cut.
I now think the FED will cut 50 points rather than 25 in Sep - and this basically guarantees gold price to top $2500usd by end of Sep. This price is not baked.
ALK Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
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