• Fink šŸ§ 
  • Posts
  • Morning Call: Goldman downgrades Chinese growth, more dumb ideas and the gold 'flash' crash

Morning Call: Goldman downgrades Chinese growth, more dumb ideas and the gold 'flash' crash

Join David & Tim every weekday morning at 9am UK time live in the Discord, or listen back here from 10am each day!

We'll be talking about anything that pops up whether it's market, politics or macro related with a special guest every now and then.

Wondering about the gold 'flash' crash? šŸ‘‡šŸ‘‡

 #Silver tumbles as much as 7%, #Gold as much as 4% as traders wake up to strong US payroll numbers. Gold/Silver ratio is now at 72.8. pic.twitter.com/oTlURBYlvCā€” Holger Zschaepitz (@Schuldensuehner) August 8, 2021 

Don't be like Holger.

These events don't happen in isolation.

Nobody woke up in Japan and decided to sell metals on the open.

Nobody in Japan woke up at all. They're not dead. Just having a day off for the Mountain Day holiday...

Also, China's growth forecasts were downgraded by JPM & Goldman for Q3, but it's a case of postponing the growth rather than losing it (much), they say...