GoldFixPM: World War Gold

PM Posts | Do you want to be short gold going into an Asian session?

Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.

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Contents

1. Morning Rundown:

2. Macro-Economics/Commodities:

3. Geopolitics/Elections:

4. Founders:

5. (NEW) GOLDFIX Intraday Chat

6. Market Recap as warranted

Morning Rundown:

DB Triples Down on Gold

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Macro-Economics/Commodities:

**DB Explains Why Gold's Downside is Limited.

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Geopolitics/Elections:

Every: First Mover Advantage and Legacy Media Tennis

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Founders:

Gold— "Yes, $4,000 is coming."

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Intraday Chat:

Intraday analysis, commentary, and observations in threaded form

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Market Recap:

As of this writing gold is up $49 trading $3337 silver is up… or we should say down $0.04 trading 33.53. WTI is up 33 cents trading 63.03. As to stocks they started out mildly strong weakened went negative and now are very strong. The bond market is also strong. And the dollar is weaker. Those things taken in combination describe a marketplace that's simultaneously discounting for the day anyway more hope. So why is gold up?

The simple explanation is Gold was once again bought during Asian hours. And no one has the guts to sell during US hours. Which is yet another example of pricing power manifesting in Asia.

The question now asked every day is: do you want to be short gold going into an Asian session which you have no more control over. That answer is increasingly no.

Good Night