..why has WTI Crude plunged below $70 and Gold making new all time highs when China has announced 'bazooka' stimulus?
..Oil lower and Gold higher are not moves associated with improved optimism. Rather it is one more consistent with concerns over depth of trouble of its economy.
..you have to observe what traders are doing, but equity market meanwhile is in the world of their own. To them, US/global rate cuts and stimulus = keep the party going.
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WTI Charts and Quotes — TradingView
XAUUSD Chart — Gold Spot US Dollar Price — TradingView
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