The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador	11/10/2020 4:03:48 AM
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Gold slumps over 4% as stocks soar on COVID-19 vaccine euphoria Spot prices beat a sharp retreat from a near two-month peak of $1,965.33 hit earlier amid a weaker dollar and hopes for more stimulus following Joe Biden’s victory in the U.S. elections. cnbc.com Let's keep monitoring Covid Unwinding... Matters were not helped by the fact that investment banks now have significantly less capacity to act as market makers and warehouse assets (a legacy of tougher post-financial crisis regulations). So, during times of acute market stress, such as we saw in March, this structural lack of liquidity can exacerbate price fluctuations. Investors needing to quickly raise cash were forced to sell what they can, including other traditional safe havens such as gold, which also declined during the same period. “Gold and other precious metals have historically acted as a store of value in times of uncertainty. If uncertainty rises, particularly due to fears around inflation or helicopter money, one could see a substantial rally in gold,” Fitzgerald adds. “In an environment where you get unfunded fiscal expansion, which acts to debase fiat currencies, inflation could ultimately be engineered in order to reduce debt.” institutionalinvestor.com If inflation is subdued and with a vaccine there won't be money being helicoptered, gold will not go up.

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