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Commodity Markets Send Warnings

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    #37
    Gold has had a very rough week. For what it’s worth, the 50-day moving average broke below the 200-day average . . . called the ‘death cross’ by traders.

    Gold’s fallout is part ‘n parcel to the broad based decline in global commodity prices (IMO). This is also a reflection of a sharp slowdown in global growth. To me, more fallout ahead especially with gold breaching support of $1,275 per oz this week.

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      #38
      Originally posted by errolanderson View Post
      Gold has had a very rough week. For what it’s worth, the 50-day moving average broke below the 200-day average . . . called the ‘death cross’ by traders.

      Gold’s fallout is part ‘n parcel to the broad based decline in global commodity prices (IMO). This is also a reflection of a sharp slowdown in global growth. To me, more fallout ahead especially with gold breaching support of $1,275 per oz this week.
      The commercials went long big time this week while the large specs went even more short. The commercials never lose since they really are bullion banks doing the manipulation..And silver had good close today which usually happens when a trend change is about to take place.

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        #39
        Originally posted by Stampsguy View Post
        The commercials went long big time this week while the large specs went even more short. The commercials never lose since they really are bullion banks doing the manipulation..And silver had good close today which usually happens when a trend change is about to take place.
        To me, gold will continue to struggle with the bull story for some time yet. Deflation is the 'reset' button for an economy that has surplus productivity like the U.S. Gold feeds on inflation, not deflation.

        Central bankers are barking up the wrong tree in their so-called inflation battle.

        American unemployment is certainly not 3.8 percent as advertised. Those out of the workforce continues to swell stateside.

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          #40
          Commodity fallout definitely the 'canary-in-the-coal-mine' . . . Global deflation warning

          https://www.cnbc.com/video/2018/06/22/an-ignored-corner-of-the-commodities-market-is-signaling-a-slowdown.html?__source=sharebar|linkedin&par=share bar

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