Thread: News Time To Buy Gold?
View Single Post
Old 02-09-2016, 05:32 AM  
GFED
Confirmed User
 
GFED's Avatar
 
Industry Role:
Join Date: May 2002
Posts: 8,098
Quote:
Originally Posted by Vendot View Post
Absolutely agree. Strong dollar has been a big problem for MNC/exports but of course, you could only get a strong dollar with a narrative on rates going up. Now that the rug has been pulled, the dollar can slip back a bit and that will be supportive.

However, obviously it could also potentially be good for gold, at least for a while.
DIA pays a 3% dividend yield at 163. It's a buy at and under that level. We should see some divergence in the indexes as we did with IWM all of last year.
GFED is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote