Protagonist
"Pog falling on a buy the rumour sell the fact conclusion to the fiscal stimulus negotiation probably"
Maybe, Possibly, probably why gold is down
5 hours later
"Forget all that dross. gold price is driven by change, and expected change, to money supply (m2), dxy value and real rates. It explains everything that's happening right now"
Absolutely why gold will move LOL LOL
So I ask the following question.
Why was gold smashed in when the pandemic hit?
Obviously the expectation was for no more money printing, no more borrowing M2 falling, dxy going back to 120, and real rates increasing in positivity. Oh and stock markets around the world rising to record highs. Now I see the error in my comment. 'Dross' Good word. Maybe look in the mirror when about to use that word again
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