All US indicators were down yesterday except US dollarand that was enough to keep gold down.
Yet the US dollar is just the best of the
bad lot of world currencies. And that is only temporarily while the FED prints up
trillions of dollars for the central banks of the world to keep the US dollar the
world currency.
From
https://www.kitco.com
Market Indicators
Index data delayed 10 min.
| | DJIA | 25,445.94 | -710.16 |
| | NASDAQ | 9,909.17 | -222.20 |
| | NIKKEI | 22,259.79 | -274.53 |
| | RUSSELL | 1,389.74 | -49.60 |
| | NYSE | 11,726.50 | 0.00 |
| | TSX | 15,294.40 | -270.37 |
| | USD | 97.25 | +0.05 |
| | Crude Oil | 37.61 | -0.40 |
(2)
Plus we got news yesterday that
$3,000 gold price no longer target; it’s now $10,000 when Fed's assets collapse
Kitco News Wednesday June 24, 2020 https://www.kitco.com/news/2020-06-24/-3-000-gold-price-no-longer-target-it-s-now-10-000-if-Fed-assets-collapse.html "The Federal Reserve’s balance sheet is at risk of devaluation, and should the
underlying assets fail, gold will respond by “rising to a price that balances the
Fed’s balance sheet,” said Dan Oliver, founder of Myrmikan Capital."
https://www.youtube.com/watch?v=eASLNfftJbg