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  • Gold steady as investors bet on more us stimulus-led inflation

    From reuters.com

    Gold prices held steady on Wednesday, underpinned by data showing a rise in consumer prices in the United States and expectations that more fiscal stimulus from a Joe Biden administration could trigger higher inflation. Spot gold was little changed at $1,854.84 an ounce by 1.44 p.m. EST (1844 GMT). U.S. gold futures settled up 0.6% at $1,854.90. Bob Haberkorn, senior market strategist at RJO Futures, said expectations for more stimulus, higher-than-expected inflation and safe-haven buying driven by the political environment in the United States were keeping gold supported. The Labor Department on Wednesday said its ... (full story)

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That is one way to look at it. Another way is to see 1863 as a lower high in a persistent series lower and sell the rally to say 1806. The down series from 1959 does appear to be still alive and well. While the assumptions informing investor bets may be true and even currently active, it is difficult to the point of impossibility to measure their effect size and time the the specific flows associated with the same effects (not to mention interactions among factors, etc). Watching the pattern of mean-reversions across the feed however, does suggest we are still going down - to this point.

The Crow (-_-)
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    U.S. House poised to impeach Trump for second time; McConnell spurns immediate trial

    From reuters.com|Jan 13, 2021|2 comments

    As the House of Representatives moved on Wednesday toward a vote to make Donald Trump the first U.S. president to be impeached twice, the Senate’s top Republican rejected ...

    Fed's first Beige Book of 2021: Economic activity increased modestly

    From youtube.com/cnbctelevision|Jan 13, 2021

    The Fed's first Beige Book of 2021 has been published. CNBC's Steve Liesman breaks down the contents which include auto sales, retail activity and more.

    US House has votes to impeach Trump for role in Capitol riot: BBG

    From @KyleR_IG|Jan 13, 2021|6 comments

    tweet at 4:24pm: * US HOUSE HAS VOTES TO IMPEACH TRUMP FOR ROLE IN CAPITOL RIOT: BBGTrump impeached for 'inciting' US Capitol riots The US House of Representatives has impeached President Donald Trump for "incitement of insurrection" at last week's Capitol riot. He is the first president in US history to be twice impeached - to be charged with crimes by Congress. Mr Trump, a Republican, will now face a trial in the Senate, where if convicted he could face being barred from ever holding office again. The impeachment measure passed largely along party lines. Mr Trump is due to leave office on 20 January, following his election defeat last November to Democrat Joe Biden. After several hours of impassioned debate on Wednesday, the Democratic-controlled House voted. Six Republicans said beforehand they would side with Democrats to impeach the president. But the majority of conservatives remained loyal to Mr Trump. But it is unlikely Mr Trump will have to leave the White House before his term in office ends in one week as the Senate was not expected to convene in time. Last week, 139 Republicans voted against accepting the result of the 2020 election and Mr Trump's defeat.

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  • Posted: Jan 13, 2021 2:29pm
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     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 74
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