Jnug to Gold Oct 27th
This just in!! If true, be careful tomorrow!!
King World News just reported that an associate of George Soros leaked info that the US GDP data tomorrow is going to be slightly better than the forecast. The forecast is for GDP to have risen up to an astounding 2.5% from 1.4%. I think that would be a huge jump. But KWN reported that it would come in at a manufactured 2.6%. WHY!? Because they want a great number before the election to help Hilary Clinton win. I am sure it is both sides that want this.
A Number that big would tank gold until the November non rate hike at the very least. So I drew a price target with a red arrow of where I think it could go if the report is correct. Otherwise, a miss would give us a short term pop. Either way, be ready! The report is set to come out at 5:30 AM.
King World News just reported that an associate of George Soros leaked info that the US GDP data tomorrow is going to be slightly better than the forecast. The forecast is for GDP to have risen up to an astounding 2.5% from 1.4%. I think that would be a huge jump. But KWN reported that it would come in at a manufactured 2.6%. WHY!? Because they want a great number before the election to help Hilary Clinton win. I am sure it is both sides that want this.
A Number that big would tank gold until the November non rate hike at the very least. So I drew a price target with a red arrow of where I think it could go if the report is correct. Otherwise, a miss would give us a short term pop. Either way, be ready! The report is set to come out at 5:30 AM.
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Oh and by the way, a drop like that would complete the 5th wave down in this "C" correction.