Gold does not directly correlate with the dollar. This couple has ceased from trading inversely to each other for many years. It’s very common to see a strong dollar and a strong gold rally, as well as a weak dollar (like right now) along with a weakening gold price (like right now). So, if the dollar isn’t the leading indicator for future gold prices, then what is?
On October 16th 1986, Ron Arad, an Israeli pilot tasked with navigation of a Phantom fighter, and chief pilot Yishai Aviram, were on a mission in enemy territory. Flying in the skies of neighboring Lebanon, they were to drop bombs on PLO targets. At some point, while launching one of these bombs, the fuze detonated prematurely, a one-in-a-million malfunction.
Today, America is voting. One year ago, at this time, President Trump was pretty confident that he’d win a 2nd term. After all, tax cuts and major regulatory hurdles were removed. Through a combination of natural trends that were in motion and his administration’s policies, America was booming, economically speaking and the improvement was felt by enough Americans to give Trump a landslide victory.
In WW2, in order to defeat the German army and save Europe from total annihilation, both the Russians and Americans fought a common enemy, which was Hitler’s nightmarish vision for Europe and, indeed, the world. It wasn’t a real alliance, though. The two countries had vastly different approaches to life on planet Earth and as soon as this mission was completed, each of them went on their own separate ways.
What a quarter, what a company! You can’t hit it out of the park with every swing… or can you? One of my hidden treasures of 2020 just released an earnings blowout and it was a show-stopper in a year of IPO and SPAC mania.