Humpty Dollar Dumpty & Gold

April 26, 2023

by Stewart Thomson GoldSeek

1. Gold has moved sideways for the past month (with an upwards bias), but the first week of May could bring some very big news from the fear trade side of the pond:

2. May 3 (next Wednesday) is the next US central bank rates decision day, and there’s an important speech from Jay. May 4 brings an ECB decision and speech from Lagarde. May 5 is the US jobs report and a full moon.

3. How important are these events for investors? Well, it’s important to note the difference between a professional investor and a professional fund manager. The professional fund manager has a phenomenal sales team. They are very good at securing a consistent flow of investor capital and they invest all of it immediately.

4. Fund managers get quoted frequently by mainstream media and offer what are mostly irrelevant prognostications about the future. They do well when the market rises and fail when the market falls.