Jim’s Mailbox

Posted at 10:55 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Supporting my post yesterday.

CIGA Wolfgang Rech

ROSS NORMAN : Gold Price Action Suggest Epic Events Close By
July 3, 2019

Love it or hate it … you just cannot ignore gold … it is after all a “bellwether”.

Originally a bellwether was a bell tied around the neck of a castrated ram (a wether) who would lead the other sheep and give the shepherd a ready reckoner on the movements of the flock. In financial markets it just refers to a leading indicator.

Gold is currently suggesting that dark things may be afoot on the economic front.

After six years of relatively tame ‘sheepish’ price performance, gold has suddenly become a turbocharged ram on a motorbike, without a helmet.

 

 

 

 

 

 

 

 

 

 

 

 

 

More…

 

Exactly Wolfgang.

Bill

Jim/Bill,

If there were ever any doubts, this should cast them away.

“it seems the president is now explicitly calling on the US to artificially weaken the greenback by any means necessary.”

Trump is signaling the next move for the Dollar, and hence…Gold.

CIGA Wolfgang Rech

Trump Says US Should Join “Great Currency Manipulation Game” By Devaluing Dollar
July 3, 2019

President Trump has never been a fan of the strong dollar. And after beating around the bush for months by demanding a 50 bp rate cut and more QE from the Fed, it seems the president is now explicitly calling on the US to artificially weaken the greenback by any means necessary.

In a tweet, Trump blasted China and Europe for playing a ‘big currency manipulation game’ and recommended that the US “MATCH” or risk being “the dummies who sit back and politely watch as other countries continue to play their games.”

More…