Gold up 7% tonight!, page-11

Where To For Au?


1. The monster rally on the S&P may have been, in part, short covering in all things aeronautical because of a yet to be passed bail-out for especially airlines. This will not last. Good fo au.

2. The USD's strength may well stay or become stronger. The reflex with unprecedented money printing, before even much greater helicopter dumps is to sell the USD. However, the USD has an indepedent printing press for its Reserve Currency, and a Fed/Treasury buying everything! This, I think, appeals to most every country on earth. Therefore it is realistic to see almost every country pouring into a guranteed asset to protect their capital. This is mixed for Au.Therefore I've been buying Au, and divesifying into non-Au select equities.

3. Au has been humanity's store of value for at least six millennia, BUT Au is "traded" in a corrupt market. However, this "price discovery" is what matters, regardless of the amount of "paper Au." Mixed again.

4. Me: Buying more Au. Buying Covid-19 themed equities.

Thoughts please.

OV