“The Fed is going to cut rates again. Maybe at the March meeting”, Jeffrey Gundlach, Wall Street’s bond king and Founder and Chief Executive Officer of DoubleLine Capital, said in a CNBC interview on Thursday. Further comments: The Fed was justified in emergency rate cut The US dollar is going to get weaker Sees 10-year yields near lows. You are better off in cash then owning 10-year treasuries at this point Short-term rates heading toward 0%. Short-term economic growth will be hit. The thing you are supposed to own is gold. Expects gold to go higher. Turns bullish on gold in the summer of 2018. Says the initial claims will be a key data point to eye. The 5 year MA of initial claims is 243,000. If goes above, put a fork in it. Also watching consumer confidence. The JOLT figures have been very weak and may be foreshadowing an uptick in initial claims. Credit market has been lulled to sleep. Fiscal stimulus possible, money “wired” to public. Thinks Biden is unelectable. Virus area worse than whatever consensus is. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD clings to gains near 1.3430 despite broad USD weakness FX Street 2 years "The Fed is going to cut rates again. Maybe at the March meeting", Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine Capital, said in a CNBC interview on Thursday. Further comments: The Fed was justified in emergency rate cut The US dollar is going to get weaker Sees 10-year yields near lows. You are better off in cash then owning 10-year treasuries at this point Short-term rates heading toward 0%. Short-term economic growth will be hit. The thing you are supposed to own is gold. Expects gold to go higher. Turns bullish on gold in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
