You should do an analysis of how the labor statistics that are initially released are later regularly revised downwards and have become unreliable to the point that investors joke about it. Julie Su, Acting Secretary since March 2023 is STILL NOT CONFIRMED for the secretary role (from her previous position as deputy secretary) and was already rejected twice by the senate. There is probably a correlation between the unreliability of the labor statistics and her illegitimate reign.
If I was gambling: One cannot see gold falling; there are too many problems in the world and no safe assets to put anything in, so gold makes sense. Resistance is at US$2,500 and it appears that will be broken in Q3 of 2024. Then it should move to US$2,700 by the end of the year.
Happy Thursday 😊
You should do an analysis of how the labor statistics that are initially released are later regularly revised downwards and have become unreliable to the point that investors joke about it. Julie Su, Acting Secretary since March 2023 is STILL NOT CONFIRMED for the secretary role (from her previous position as deputy secretary) and was already rejected twice by the senate. There is probably a correlation between the unreliability of the labor statistics and her illegitimate reign.
If I was gambling:
One cannot see gold falling; there are too many problems in the world and no safe assets to put anything in, so gold makes sense.
Resistance is at US$2,500 and it appears that will be broken in Q3 of 2024.
Then it should move to US$2,700 by the end of the year.
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