When the Dow Jones begin trading later tonight at 9.30pm Malaysian time, the encouraging US employment figures released last Friday should further boast the Dow's performance. Gold should react the opposite direction and see further decline in prices.
On the longer horizon, the facts and figures are not pointing to an immediate recovery of the US economy. Figures are not solid and the Fed is still pumping money into the economy via Quarterly Easing.
Ignore what politicians have to say as they know nuts about the fundamentals of economics. I might not be an expert in economics but the gut feeling from the figures release tells me there is a larger problem hiding behind the shadows and waiting too pounce. When money devalues, gold is king!
Here's a chart I wish to share, got any comments? Would love to hear your opinions and discussion at our forum.
Cheers and Happy Investing!
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