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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (156045)7/7/2023 9:27:13 AM
From: Goose94Read Replies (1) of 203905
 
Gold: BUY Physical. The U.S. economy added 209,000 jobs vs the 220,000 jobs expected. This is the first time in 15 months that job growth has come in below expectations. Economists have persistently expected job growth to slip on the back of the historic rise in interest rates. And it still may. But it reminds me of one my favourite quotes from Howard Marks “Being too far ahead of your time is indistinguishable from being wrong.” Initial market reaction was a no move in equity futures, crude oil was higher, and gold was higher as we saw a drop in the U.S. dollar.

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