Gold in the bull market
The consolidated bull market
The bull market, where gold is located, is already well established. Rising gold prices in all currencies as well as rising and outperforming stock markets and a good performance of mining stocks are all indicators of this bull market.
Stimulation from all sides
The money printer is running at full speed and there is no sign that it will lose any momentum in the near future. But this time it is not only monetary stimulation, but also fiscal stimulation on a grand scale. Governments and central banks have responded much faster and with much greater cooperation in this crisis.
Ronald’s forecasts
Ronald Stöferle, is pleased to note that many of his forecasts from last year are already true. The USA in recession, the inversion of the yield curve has already occurred. All this points to a weaker economy. Only the forecast that not Donald Trump but Joe Biden will win the US elections is still open. This should be positive for the gold market.
Click here for the video:
Quelle: https://www.youtube.com/watch?v=pkTXpx_1Dpw
Credits: Title Photo by Gavin Whitner
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