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Is the Dow at 20,000 the reason for gold headwinds?

Cory
January 25, 2017

Rick joins us today to discuss the move down below (at least for now) $1,200 in gold and the Dow breaking 20,000. Investors continue to focus their attention and money on the US markets and ignore the precious metals. Rick also shares his thoughts on if the recent low in gold back in December will hold.

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Discussion
4 Comments
    b
    Jan 25, 2017 25:00 AM

    Cant be bear market action, we have people here convinced the bull is jumping.
    Remember, even if we go down to 1050 the bull is still alive.

    Maybe the drop in gold is just money moving to oil companies as Trump just approved the pipeline.

    CFS
    Jan 25, 2017 25:12 AM
    Jan 25, 2017 25:26 AM

    I had an order for Qcom at 55.50 and that was the low but my order did not fill and it shot to 56.49 and I have bought in on the dip at 56. It fell 11% the other day. Intel fell from 38 so I got it at 37.60. Bought USOl in the premarket and sold out on the rally and bought back USO at 11.37. Bought Verizon at 49 which is a$3 drop from 2 days ago. Has a big dividend. Now around 49.80. Bought back some BP near the low.

    Jan 25, 2017 25:46 PM

    love my Rick