Gold Jumps for Joy Only to Hit the Ceiling… Hard

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Powell’s contemporary dovish remarks began a sugar prime amongst buyers. However, it sort of feels just like the hangover has already begun. [soros] Q2 2021 hedge fund letters, meetings and extra The Gold MinersWhile gold, silver and mining shares jumped for pleasure following Fed Chairman Jerome Powell’s dovish remarks on Jul. 28, their sugar prime ended on Jul. 30. And whilst I warned that FOMC press meetings continuously elicit momentary bursts of optimism, it used to be most probably any other case of ‘been there, done that.’ I wrote previous to the announcement: While the PMs would possibly document a momentary leap – which continuously happens foll…

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