Official inventory data shows that crude stocks fell by a modest 1mm barrels last week (less than expected) but still a draw compared to API's build. Additionally, there was a noteworthy Gasoline build (the biggest since May)...
The economics establishment of policymakers, academics and central bankers have closed ranks around the idea that gold is a taboo subject... It wasn’t always this way.
Inspired? Good! Now central banks can get back to pushing junk bond and blue-chip stock prices higher to reward monopolists and monopsonists and day-traders.
It is tempting to conclude that the election will not matter in this environment of passive investing... That might be true, but this current bit of investor irrationality will end...
