Gold 1932,76
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EURUSD 1,1811
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DJIA 27873,50
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OIL.WTI 42,64
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DAX 13080,15
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Yellow metal correction thriller continues. We also advise everyone to read our previous newsletter. On Wednesday night, gold broke through the previous day’s minimum and fell by another $40. Then speculators stopped, and investors started buying huge (by volumes).
Gold
The day range was $90, which is only slightly less than the previous day. The most important question now sounds like this. Will the 1860$ price be a new long-term low? It is quite possible that it will not be broken and gold will go to new historic highs. Or the other day it will correct to 1800$ per troy ounce again.
S&P500
This week the S&P 500 index is again in the historic high zone. As we predicted, speculators are eager to remove the bear stops in stocks. Just like the bear stops in gold were taken off.
We believe that analysts are not paying attention to the important point yet. And the markets are already putting it into future prices. In Russia, COVID-19 vaccine has been officially registered. In a couple of weeks, the industrial production of its first batches will start. Virologists from many countries of the world rightly point out the following. Vaccines should not be mass vaccinated so quickly.
Virologists are certainly right. However, markets think otherwise. If the Russians have already received the vaccine, it means the Americans will get it a couple of months later (taking into account additional tests). Accordingly, by the time the population is vaccinated, the market will already receive a huge positive. At which, by the way, it will be possible to fix a large speculative profit. If you look at events from this point of view, there is indeed a certain potential for growth.
What’s waiting for us today?
03.30 Unemployment rate in Australia for July
08.00 Consumer price index in Germany for July
14.30 Initial weekly base unemployment applications in the United States
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