IKN

idle and fond bondage

Don’t fear the gold drop

It’s temporary:

It’s also in trading range. It stands to reason that Wall St liquidate assets in order to ride the vaccine pop, give it 48 hours and relax a little. Today’s a good news day, so enjoy it.

7 Comments

    Can’t wait for the, “there’s a glitch in the vaccine” news day

    Reply

    Yes, will turn back up, but decent chance it will drop out of trading range to $1700’s. The optimistic momentum is just too strong. Awesome entry IMO if that happens.

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    No Corona means no stilumulus means no inflation means no need for gold.

    Reply

      US $ will go down under Biden. Not sure why no COVID means no stimulus. The only way to pay for all the programs he’s promised is by spiking the economy. Gold will trade higher.

      Reply

        Now that there is a Democratic president, the Republican senate will rediscover that they’re fiscal conservatives.
        As other countries will stimulate more, dollar will go up.
        Gold will still go up a bit, but not as much.

        Reply

    Heh. Tell the aircraft manufacturers, airlines, hotels, cinemas, restaurants and rental car companies they don’t need help. They’ll be distributing and administering the vaccine within a week.

    Reply

    Pleasantly surprising is the minimal drop of my portfolio. I would have expected in excess of 10% but well under that.

    Reply

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