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Hi Doc, when in history did gold perform poorly in similar...

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RichPat80

58 Posts.

7

12/03/20

21:13

Post #: 43460006
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Originally posted by Dr.Who: ↑

Considering the climate of fear gripping the world, the relative poor performance of gold is a red flag.

If gold - and its so called safe haven status - can't perform in this environment look out below when government stimulus in major markets kicks in. Doc foresees gold creeping lower and then an almighty crash sending it sub 1400. Due to gold being a speculative instrument it may be wise to get out now, it could languish in the lower teens for years. It has a history of poor performance in such environments to inform on a possible path from here.

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Hi Doc, when in history did gold perform poorly in similar events? It looked like gold went up during the SARS outbreak in 2003.

Last edited by RichPat80: 12/03/20
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0 Great analysis

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