Yes we may get more analysts covering!And that target price of $1.30 will undoubtedly be moved up, soon enough!
Why because probably in a months time we most likely in my view be there or above it.
We hit $1.20 already and figure it will try that resistance again very shortly.
Of course that depends if the market has any other hissy fits with the Bond Yield Kings.
Senate Majority Leader Chuck Schumer leads a round of applause for support staff as he speaks before the final vote on the Senate version of the COVID-19 relief bill. The bill passed 50-49 along party lines and now goes back to the House, where passage is likely.
Well I posted above about the Bond Kings, well I just caught news of the Stimulus or increase of money supply. I am thinking now that more money will be floating around this may put downward pressure on 10 YR Yields .
Which is good for commodiites. JMO