Gold IMO is tied to the US dollar more than anything else right now. GEO political tensions, rate cuts, etc have no real bearing on gold right now IMO. If the US dollar goes up gold falls. US dollar goes down gold rallies. That is my take on it right now.
Many of us have said the DOW was overbought at 18K 19K 20K 24K - where is the correction? If taxes are cut, many expect Dow at 30K - of course the opposing party is saying for the first time in History Tax cuts will actually be negative for everyone! except the 1% Billionaires.
I have not read it, or believe what the media reports!!
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