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0.51% $1,391.7 gold futures

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  1. AverageJoe
    43,005 Posts.
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    08/02/20
    13:28
    Post #: 42817858
    No idea on the logic why market crash pulls down silver too. All I know is that Iran/nCoV didn’t do much for silver.

    NFP beat expectation again and equity markets preempted this anticipation. If you are in gold, regardless of why gold rallied on the NFP news, the icing was the fall in AUD. Suspect Q4 gdp is flat and Q1 will be negative meaning potential to fall into recession. Also suspect Gov Lowe was trying to reload the stimulus chamber so that when SHTF he still has some tools left.
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    lightbulb Created with Sketch.  Great analysis
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