GOLD 0.51% $1,391.7 gold futures

gold, page-86298

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    The worldometer website lists all the covid19 cases globally.https://www.worldometers.info/coronavirus/
    As you can see the infection rates are increasing as the weather cools off. Number of new cases has dramatically increased since the European summer ended. It's been pretty consistant in India and Brazil where the weather has been very hot.
    France, UK and Germany beginning to cool off as winter approaches
    Screen Shot 2020-09-27 at 7.11.45 pm.png   
    Take note of USA. They had a large outbreak in the summer months and started to get on top of the infections, but now beginning to ramp up again.
    Russia supposedly has the vaccine at hand but they currently have 183,196 active cases with their number of infections increasing. Russia having a vaccine cure looks like a load of baloney from where I sit.

    Don't expect gold to fall too far while all this goes on and the number of US unemployed is going to balloon next month due to lack of stimulus. Recently the market has played risk off, going to cash while the US cannot pass another round of stimulus. When the stimulus package gets passed POG will likely tear up again when fund managers are more certain of future outcomes.

    Looks like Pelosi is more willing to negotiate a smaller stimulus package of $1.5- $2.2 Trillion with Trump
    https://edition.cnn.com/2020/09/24/...s-house-democrats-consider-options/index.html

    Perhaps this will get passed on shortly avoiding crunch day for the airlines.
 
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