Thursday, November 7, 2013
And gold does this....
Here. Here's a gold chart.
So gold pops at 7:45 on news of the ECB rate cut, which is an actual new decision that changes the playing field for forward growth assumptions.
But then it collapses at 8:30 on news of the US GDP growth rate popping up to 2.8%, which is something that's already been happening for the past quarter, and which masks decline in personal spending, and which is a noisier than usual data point anyway because of the US government shutdown.
Because robots or something.
And you wonder why I don't want to partake in this bullshit?