PRIVATE BLOG – Gold an August Low?
PRIVATE BLOG – Gold an August Low?
Source: Armstrong Economics
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DW NOTE
Armstrong Economics is a paid subscription service. If you believe markets trade on cycles rather than central bank reaction functions, you pay Martin Armstrong to tell you when the turns will come. If you don't believe that, you don't. Gold is down 24% from its January high — the question isn't whether it found an August low, it's whether the January spike was a geopolitical premium that evaporated when Hormuz reopened.