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Gold Hits $2,070, Silver $27 as Precious Rally Goes Ga-Ga

  
CommoditiesAug 05, 2020 02:05PM ET

ThisIsAmerica commented on this article:

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Danny Brasko
ThisIsAmerica Aug 05, 2020 3:25PM ET
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How is precious metals seeing marginal gains based on sound fundamentals and real concerns for devaluing USD considered "gaga"? But unlimited printing and irrational trading behavior based n reckless monetary policy consider great market function?
Barani Krishnan
Barani Krishnan Aug 05, 2020 3:25PM ET
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Ga-ga is a "capture" of the market feeling. Read the entire story, and you'll find that I agree completely with this rally -- not against it in any way. Thanks
Lawrenti Berija
Lawrenti Berija Aug 05, 2020 3:25PM ET
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I see, generating clicks by engineering controversy
Barani Krishnan
Barani Krishnan Aug 05, 2020 3:25PM ET
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Lawrenti Berija  Understand something: No individual owns market sentiment. It's a collective. Talk to even the most ardent gold bull and you'll find the individual professing surprise (albeit pleasant) at the market's recent performance. Ga-ga perfectly captures the mood out there. That said, this gold rally is happening for all the right reasons. As I said in a separate analysis, I expect $2,150 at some point. Take care.
Andy He
Andy He Aug 05, 2020 3:25PM ET
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Barani Krishnan  How do you know how the market feels? Did you ask all the market participants, traders, etc.?  Or is it just merely your opinion based on what? Your buddy Ed Moya maybe?
Barani Krishnan
Barani Krishnan Aug 05, 2020 3:25PM ET
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Andy He  Are you going to spend the rest of the afternoon looking up every response of mine to people on this forum and lending to a wisecrack to it? How many people do YOU speak to on the market to dispute what I say. How many research notes do you read each morning? Are you up at 4 AM EST to follow the Singapore handover to Europe? Do you speak to trader groups in India, the world's most active physical market for gold to gauge market sentiment? I do all these, so I have a fairly good idea of what I'm talking about.
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