Not only is Dow going down, but so is the 10 year treasury to which mtg rates are fixed. My son-in-law refinanced his house with a 3% mtg when the 10 year hit 1.5% Today it is at .77% He can likely refinance again soon for 2% heck, maybe 1%!! The race to zero is on again…and the so is the rise in gold. According to Rambus the gold stocks should deliver this time around…
Not only is Dow going down, but so is the 10 year treasury to which mtg rates are fixed. My son-in-law refinanced his house with a 3% mtg when the 10 year hit 1.5% Today it is at .77% He can likely refinance again soon for 2% heck, maybe 1%!! The race to zero is on again…and the so is the rise in gold. According to Rambus the gold stocks should deliver this time around…
Of course, we also know that gold can tank in a nano-second. So pay for the pleasure of constant anxiety….
…and looks like gold staling out at $1686