Fiscal stimulus bill to provide a catalyst for gold bulls – Charles Schwab

FXStreet/Staff

cartoon image of snorting gold bull“Traders consider the passage of another round of stimulus to be bearish for the dollar and also inflationary, two bullish conditions for gold. As the dollar declines, it takes more dollars to buy the same amount of gold, and some see gold as a better store of value when inflation is on the rise. However, a lack of compromise may leave gold bulls waiting for another catalyst and prices may continue to languish.”

USAGOLD note:  Even a qualified buy recommendation from Charles Schwab is something to behold …… Many gold market old-timers will think this a misprint, but we assure you, it’s not. Next thing you know Warren Buffett will be buying stock in a major gold mining company. [smile]


Repost from 10-8-2020

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