The Dow has fallen for a day or two?How many days has it risen?...

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20/06/21

10:13

Post #: 53948582

Originally posted by ourlady: ↑
The Fed Backed Into A Corner - A Favorable Backdrop For Gold
Laurent Maurel
The intervention by the central banks on the markets is scrambling the message. Assets that have become at risk, in this inflationary backdrop, are being given excessive valuations. By contrast, the values that protect against the upcoming inflation are still being evaluated at very low levels. At any event, this is a very favorable backdrop for assets like gold.

And I just noticed on another news sight saying that the Dow has fallen for four straight days, well I have news for them, it has fallen for nine straight days.

The distortions are unbelievable. However physical gold in the hand is real and everything else, apart from your home, is crumbling to ashes.
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The Dow has fallen for a day or two?

How many days has it risen? More than 4. Hundreds.

Let's look at gold.

It's plunged below the 200 day MA, which is very ominous indeed and it's got plenty of downward momentum.

Wasn't the USD supposed to have vanished into history by now according to goldbugs? And according to my post above Macquarie Group expect US$1,600 gold by the end of the year.