Gold Dives Below $1900 As Dollar Surges, Stocks & Bond Yields Tumble

Gold Dives Below $1900 As Dollar Surges, Stocks & Bond Yields Tumble

Tyler Durden

Mon, 09/21/2020 – 10:36

The brief – ubiquitous – opening dip-buying in stocks has been erased entirely and all major US equity indices are dep in the red with The Dow down over 800 points…

All the majors are also down below their 50DMAs…

Gold is also getting monkeyhammered, with futs back below $1900…

Is everything so much better now that we don’t need gold as a hedge?

As the dollar surges higher (with offshore yuan spanked)…

And bonds are aggressively bid…

Somebody do something!!

 

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Author: Tyler Durden

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