InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,641.60
(
0.83%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
87.33
(
-0.01%
)
Bitcoin
57,254.30
(
0.48%
)
Post# of 37920
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

jumanji0881

Send PM Follow Ignore
Followers 10
Posts 4908
Boards Moderated 0
Alias Born 01/21/2012

jumanji0881

Re: None

Friday, 08/06/2021 1:14:20 PM

Friday, August 06, 2021 1:14:20 PM

Post# of 37920
The bears are back as gold price drops nearly $50, next target is $1,750 :
https://www.kitco.com/news/2021-08-06/The-bears-are-back-as-gold-price-drops-nearly-50-next-target-is-1-750.html

My Comment : Those twin deficits will only worsen

Excerpt:
Adrian Day, president of Adrian Day Asset Management, said he was neutral on gold in the near term, and the pullback is a healthy, much-needed correction. He added that he is watching momentum in the U.S. dollar.

"That can have only a little more to run at best," he said. "There is a constant battle between the U.S.'s large and worsening twin-deficits (bad for a currency) and the higher yields on offer from the U.S."

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up