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The fact that the DOW hit 30k during one of the biggest fiscal...

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28/11/20

19:47

Post #: 49213028
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Originally posted by lukey193: ↑

I know you think gold is "trash", but have you ever stopped to think that if you look at the overall growth of the commodity over 2020, this is not even a 50% retrace and still has the potential to be extremely bullish with the macro-economic conditions in the US?

I am neutral currently on gold itself, but one cant deny that there is a potential for both a crash and a fall. No one has a crystal ball, and your certainty of the precious metal being "trash" is most certainty the wrong opinion. The fact that the DOW hit 30k during one of the biggest fiscal emergencies in our lifetimes just shows that markets currently aren't trading off reality. There is a significant change this reality may settle in one day and rocket gold.

In the end, no one really knows what will happen. IMO it is just as likely the crash with ensue, just stating the investment is "trash" is very narrow minded.

GLTAH

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The fact that the DOW hit 30k during one of the biggest fiscal emergencies in our lifetimes just shows that markets currently aren't trading off reality.
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You need to do more reading. Markets look into the future and the Dow is predicting that things will get back to normal pretty quickly.

And that's why gold is tanking as well.
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