RE:RE:RE:Early morning trading looks good. Somethings comming!Here's the nonsense that is going on right now.....
Pelosi has said no deal unless she gets everything she wants. There is no way the republicans will give her that. So the US Congress is seen as unable to pass any economic relief due to the corona virus. That risks a further (its already in a slowdown mode) slowdown in the economy. Thus the stock market is going down. It is started down immediately after Pelosi's refusal to negotiate. Its now down 380 more points. Miraculously at that point the dollar started up!!
A weaker economy means a weaker dollar.
A slower economy means a lower dollar. And that was what kicked gold higher by $8 in 7 minutes. It got smacked down by the dumb day traders who always sell when the stock market sells off.
So gold is going down? Ignore it!