Stunning action on the POG overnight - US$ up over 3.13% and the A$ up 3.5+% !!
This is clearly a response to unprecedented "geopolitical happenings" in Israel, on top of the Ukrainian war morass.
Meanwhile the bond market has cratered and the short pressure on the stock market can only increase pressure on "Bidenomics" that has been propping up the IOUSA economy ..... and inflation appears to be vey "untamed", but will any CB dare raise interest rates in such circumstances ??
There are so many "Black Swans" around at the moment .... this is developing into a very scary scenario.
While next Monday should be a RED letter day for gold stocks, will a gold bull market develop if the stock market crashes ?
Be careful what you wish for ....
Stunning action on the POG overnight - US$ up over 3.13% and the...
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