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Hoodlum

3,611 Posts.

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08/11/20

18:51

Post #: 48721541
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Originally posted by timbuckley: ↑

If the US senate is gridlocked or republicans hold power then getting changes thru by democrats may be hard work.
POG should stay elevated as either stimulus is pushed thru or isnt. Either way is supportive of gold. If stimulus is capped then the FED will continue buying US debt and keep rates down while the US gov pushes thru whatever they can to stimulate the economy.
Eventually, republicans would have to allow whatever stimulus is needed if they dont want to suffer blow back if things get worse economically.
So over the med term, gold is still well supported imho.
Add to that, the search for returns will push more money into the gold sector as producers continue to get good prices.

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Hello Tim.

Listening to a US democrate representative. She stated that the first priority in a covid task force to start to address this catastrophe.

Cases are rising, over the world.

Second is to work with the Republicans to ensure economic stimulus.

Thats is the priority, according to her.
2 Upvote

0 Great analysis

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