Y Combinator co-founder Paul Graham warned on Thursday that Americans need an 11% increase in net worth just to maintain purchasing power following the dollar’s significant decline since President Donald Trump‘s inauguration. Dollar Index Shows Sharp ...
I bought an ounce for grins at that time and just sold it for 60% gains.
Im not sure how gold can be up so high along with the stock market. Those two things should he inverse of each other.
Wild guess, but perhaps some people see the economic writing on the wall and have moved their investments into gold?
I would think normally they are static-ish inverse but during transition periods like now there would be pricing gaps for example as people flee dollar to go to gold, velocity on gold changes might be higher
6 month streak is a bit of a transition period. That’s 2 negative earning periods for Tesla and for some reason that stock keeps going up.
Are stocks and gold are going up or is the dollar going down?
Gold is going up in other currencies too, so it’s not just the USD going down and mathematically making the Gold price in USD go up.
Yes.
https://www.visualcapitalist.com/central-banks-now-hold-more-gold-than-u-s-treasuries/
Banks going all (mostly) in on gold and traders going all in on the bubble?
Because the arock market has become completely detached from any actual economic indicators.