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Gold Futures - Jun 24 (GCM4)

Real-time capital.com
Currency in USD
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2,310.10
+0.50(+0.02%)
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Gold Futures Discussions

My Calculation during and after Fed Minutes-1) Expect Feds to help the Banks by saving the sinking USD rate, 2) Rising USD will cause Gold to hit 1990 levels, 3) If the USD rises drastically expect Gold to go below 1990 heading quickly to the 1978/1976 area. Summary the USD is the major market driver tomorrow-I'm on the sideline and back in on Thursday once market direction is somewhat established.
Remember gentlemen, if the banks fail-the FOMC fails. If the Banks fail-the stock market will fail. Watch the Bank rescue take place tomorrow. Think- How many bank Down Days have we had? And what has rescued the Banks before. The Stockmarket cannot go forward without Bank growth.⚡
This is Fed's minutes. There going to talk about future economic outlook and asset purchases they've made in the last few weeks. Banks had to do a stress test back in July with a new covid-19 barrier assessing defaults. banks were also forced to slash dividends.
to simplify things I ask you to consider just WHY a most succesful investor of our time, warren buffet, invested in gold miners for first time of his long life just now. Think why, its not hard to see.
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