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Gold Futures - Jun 24 (GCM4)

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Currency in USD
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2,337.65
-0.75(-0.03%)
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Gold Futures Discussions

Slowing global economies; China, Russia, Iran, NK,Turkey and a few other smaller countries are forming a gold backed trading system and dumping US treasuries; UK/EU in a bit of turmoil; Oil price being held up by production cuts not growth; Massive US debt; 10 years of QE with still low interest rates and another recession just around the corner spells a disaster for US economy yet the puppets are still buying equities and oil. Both of those are due for a significant downturn. \nJust be careful.  Gold & Silver are the safe havens. Not the US$ nor the Yen.\nOn the point of the 10 years of QE and still low interest rates, during a recession the CB\'s typically reduce rates 4-5% to stimulate an economy. Powell\'s current rate is well below 4% as of today so he has no where to go. Treasuries already spent zillions of dollars since 2008 with no success to stimulate the economy as validated by the lower than average GDP.\nSo now the real question is, where do you want to place your money?
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