Gold Soars To Record Highs, Stocks Erase Gains After Pelosi Warns ‘No Deal This Week’
Tyler Durden
Tue, 08/04/2020 – 12:17
While The Dow is holding gains thanks to the insane dominance of AAPL; Nasdaq, Russell 2000, and the S&P are all tumbling into the red on the day after House Speaker Nancy Pelosi said she “doesn’t think there will be a deal this week.”
Treasury yields are tumbling to fresh record closing lows…
And Gold is soaring to new record highs…
…as Spot gold tops $2,000 for the first time…
What does gold see coming? A Democrat-driven $3 trillion stimulus that breaks the world’s confidence in any fiscal restrainst behind the world’s reserve currency?
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