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Seeking Alpha/Jeffrey Gundlach/6-9-2020
“Jeffrey Gundlach’s ‘Superman’ presentation – the latest of his regular live webcasts, this time it seems with Fed Chairman Jay Powell in the role of protector of Truth, Justice and the American Way – comes just before tomorrow’s Fed policy statement update from the Chair of Steel himself.
And Gundlach invested some time in the contentious issue of whether the dollar’s headed for a decline, an issue that’s also near and dear to gold investors. Earlier, Goldman Sachs said that a pause in gold’s rally may just be a waypoint on the way to $2,000/ounce if a strong consumer combines with expansionary policy to create above-target inflation.
Gundlach says he’s bearish on the dollar, even if stocks decline – and that will mean new highs for gold in the long term.”
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