If new US stimulus announced today?

[BobnotTed]

If new US stimulus is announced today, do you think there will be a sudden rush out of PMs to invest in the stock market?

The last time gold spiked like this over the last year was just prior to the March crash:

https://markets.businessinsider.com/commodities/gold-price

 

[MancunianStacker]

Looks like it yes. Check out the current gold price since open 👍🏻 

[BobnotTed]

4 minutes ago, MancunianStacker said:

Looks like it yes. Check out the current gold price since open 👍🏻 

Has new stimulus been announced?

[MancunianStacker]

7 minutes ago, BobnotTed said:

Has new stimulus been announced?

It’s not decided just yet:

https://www.google.co.uk/amp/s/www.cnet.com/google-amp/news/senates-new-1200-stimulus-check-reveal-for-monday-everything-we-know/

 

[Martlet]

Quite possible a negative market reaction initially, to the need for a stimulus package, even if it will drive them up later.  See silver already up over 5% this morning. 

[BobnotTed]

I think it's reasonable to presume new stimulus will be announced; I think it's more likely than not.

If so, then perhaps a sudden rush out of PMs to collect profits and invest back into the stock market?

[dicker]

Priced in, I think.  As per the European bailout - big events but the market could see them coming hence why PM’s rising (thats what I think anyway, combined with other factors)

[BobnotTed]

Is anyone anticipating a significant pullback for any reason in the gold price over the next week? Say, in the region of $100/£75 down? (I'm not suggesting it is, just wondered what opinions are)

 

[Zhorro]

37 minutes ago, BobnotTed said:

Is anyone anticipating a significant pullback for any reason in the gold price over the next week? Say, in the region of $100/£75 down? (I'm not suggesting it is, just wondered what opinions are)

 

End of month profit taking is always possible.

[Frenchie]

46 minutes ago, BobnotTed said:

Is anyone anticipating a significant pullback for any reason in the gold price over the next week? Say, in the region of $100/£75 down? (I'm not suggesting it is, just wondered what opinions are)

 

Wonger anticipates a siginficant pullback  

[BobnotTed]

8 minutes ago, Frenchie said:

Wonger anticipates a siginficant pullback  

IMO, best/worst case scenario (depending on one's perspective) would be a drop to USD 1700. I think USD 400 is stretching it a bit.

[Frenchie]

20 minutes ago, BobnotTed said:

IMO, best/worst case scenario (depending on one's perspective) would be a drop to USD 1700. I think USD 400 is stretching it a bit.

I think that we are heading above the 2000USD short term, and then a pullback around 1750USD  would be healthy. Gold really need to cool down imho.  We could even see a drop around 1500 without questioning the uptrend