Stocks Soar as My Reputation Tanks – Ep 789
The Peter Schiff Show Podcast
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Stocks That Had a Great Week
The dollar index was down on the week. Despite the fed raising interest rates, which is considered to be bullish for the dollar,. The dollar had a big rally into the rate hike, so it makes sense that it would decline on the rate hike. Treasury bond yields were go up before the fed hikt and they are going to continue to head higher. Turning to gold, though, gold closed friday down about 20 bucks. So it had a week close to the week. In fact, gold closed the week down 60 dollars approximately from the previous week. But what significant is that gold still closed ten dollars higher than it closed the day before the fed hiht rates on t Tuesday.
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