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Gold's Double Bummer

Published 10/04/2016, 09:01 AM
Updated 07/09/2023, 06:31 AM
XAU/USD
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GC
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Well, everyone’s been very excited about the WikiLeaks announcement from Julian Assange. This has been anticipated for months and there were plenty of folks who thought there would be some amazing “smoking gun” that would really torpedo Clinton’s campaign. Let’s recapture the big event from the wee hours this morning:

So, ah, yeah, Assange didn’t announce much. All they said was that they’d be releasing documents in the coming weeks. Yeah, Julian, whatever. It’s obvious there’s nothing there.

The other bummer for the doom ‘n’ gloom crowd is that gold is pooing all over itself. Indeed, it’s just about the only asset that is a reliable piece of crap in recent months. Everything else gets saved. Here’s what gold is up to right now:

Gold

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