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Thread: Did Larry Kudlow Just Put In A Floor For Gold Prices? Expert Weighs In

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    Default Did Larry Kudlow Just Put In A Floor For Gold Prices? Expert Weighs In

    Gold prices appear to be struggling Thursday in part because the metal is seeing little compassion from the White House’s new national economic advisor, Larry Kudlow.Kudlow came out saying that that he supports a strong U.S. dollar policy noting, “I would buy King Dollar and I would sell gold.” “I'm not saying the dollar has to go up 30%, I'm just saying let the rest of the world knows that we are going to keep the world's international reserve currency steady," Kudlow said in the interview. As for having a real impact on gold, Vince Lanci,, founder of Connecticut- based Echobay Partners is thinking little of it. "Kudlow may be the right man for the wrong situation," explained Lanci, . "We are not going to recreate the past with tax cuts and a 'pedal to the metal,' mentality. But he has a megaphone and a generation of people nostalgic for Reagan years that will applaud," Lanci said. "The evidence does not support his rhetoric at all," he added. "His public cheerleading is not at all consistent with the market performance. The USD has gone from 8 Yuan to about 5.8 in the last 10 years. That is a 25 percent drop in king dollar buying power versus the rising star in the east."On Thursday, gold prices remained weak as the market digested the comments. April Comex gold futures were last down $8.80 an ounce at $1,316.90. May Comex silver was last down $0.127 at $16.41 an ounce.



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    Quote Originally Posted by SuperMod View Post
    Gold prices appear to be struggling Thursday in part because the metal is seeing little compassion from the White House’s new national economic advisor, Larry Kudlow.Kudlow came out saying that that he supports a strong U.S. dollar policy noting, “I would buy King Dollar and I would sell gold.” “I'm not saying the dollar has to go up 30%, I'm just saying let the rest of the world knows that we are going to keep the world's international reserve currency steady," Kudlow said in the interview. As for having a real impact on gold, Vince Lanci,, founder of Connecticut- based Echobay Partners is thinking little of it. "Kudlow may be the right man for the wrong situation," explained Lanci, . "We are not going to recreate the past with tax cuts and a 'pedal to the metal,' mentality. But he has a megaphone and a generation of people nostalgic for Reagan years that will applaud," Lanci said. "The evidence does not support his rhetoric at all," he added. "His public cheerleading is not at all consistent with the market performance. The USD has gone from 8 Yuan to about 5.8 in the last 10 years. That is a 25 percent drop in king dollar buying power versus the rising star in the east."On Thursday, gold prices remained weak as the market digested the comments. April Comex gold futures were last down $8.80 an ounce at $1,316.90. May Comex silver was last down $0.127 at $16.41 an ounce.


    When people believe Kudlovs drunk speech ( added immediately 67 billion to the debtclock for starters to "cement" the dollar value ), then the US is toast.

    Golditiki2+++

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