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Market Watch: There's a Simple Reason That Gold is Falling Along with Coronavirus-afflicted Global Stocks
Lundin expects to see "much higher" gold prices in the weeks and month ahead!"
The index's rapid downturn has also pushed the S&P 500 to 14.5% below its February 19 high as of Friday morning
"Speculators are buying into the dollar because they falsely believe it's a safe haven. It's not. They should be buying gold!"
Goldman also raised its silver forecast.
All three major equity indexes are negative year-to-date.
He's also a big fan of gold "because it's inversely correlated with interest rates," and central banks are looking to the yellow metal for diversification.
The coronavirus is just a spanner in the works that proves how weak the system really is!
Financial uncertainty and low interest rates are also bolstering demand for gold!
Bonds and gold are safe. That is why you should be selling portions of your holdings of stocks to buy them today!