Gold Note No. 16
Gold price have declined recently even with 10-year note yields declining as well. As rates continue to fall in the weeks ahead, the dollar will weaken and the dollar price of gold will recover. Gold will regain its attraction as a safe-haven asset in the face of multi-trillion-dollar fiscal deficits and multi-trillion-dollar money printing binges. Upward momentum feeds on itself in the same way as downward momentum.
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