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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (112802)11/6/2020 9:50:53 AM
From: ItsAllCyclical  Read Replies (3) | Respond to of 116768
 
Gold gained w/everything else the last 3 days. I don't think we're for sure out the woods, but in isolation yes many gold IT indicators are now back in bullish camp. Trump and the right are determined to undermine the election process no matter what. For McConnell to say that Biden won't get anything thru before he's even sworn in again is nuts. Another 4 years without even an infrastructure bill. How is this America First? Markets may still wake up and smell the deflation. EU has major issues w/Covid again. Dollar index is close to new 52 week lows, but think it'll have a tough time pushing through w/EU Covid and neg. interest rates there. I did add a lot of silver yesterday and had KGC prior to earnings and a few others so I'm betting now that we won't see 1800 again, but I'll breath easier if gold continues to consolidate above 1920 ish for the next week or so.

Congrats on Gopro that was really well played.