It was a dreadful start to the holiday-shortened week as the euro currency got completely trashed versus the US pig. This, of course, led to a massive rally in the POSX and this, of course, led The Machines to dump digital gold, digital silver and all of the other financialized commodities.
So, anyway, what can you do? After Friday’s disaster from the Atlanta Fed, you might have expected some POSX weakness today. I sure did. But that’s not what we got.
So now tomorrow brings that “death cross” in August gold that we’ve been expecting since last week. Will this cross…
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