Post-Jobs; Gold -, Goldman+
I was out all morning and just got back to the huge ‘jobs’ festivities at +271,000 with USD springing upward and interest rates continuing an alignment that is very adversarial to gold (all yields up, but short-term yields up stronger than long-term yields). Gold bugs who wanted to see this coming, did.
Also, I might add that my best performer is one giant Vampire Squid, which was featured, improbably enough, as an NFTRH+ highlight last week for those who were positive on interest rates. We also noted the Bank index as a pro interest rate play in NFTRH.
Here are the daily and weekly charts from the + update.The target zone was 200 to 202 so I am going to hang on to it a while longer.
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