Some people think it affects gold because
it moves potential gold buyers into another alternative, but as I wrote last week, hell has frozen over when I find myself in agreement with Alan Greenspan.
Not exact matches
Bulls are disheartened that
gold has tumbled $ 34 in 3 sessions,
moving from a
potential major upside breakout to the lower - middle of the well - worn trading range seen since the start of the year.
And there is no shortage of
potential catalysts to
move this rally in precious metals, both
gold and silver, beyond the skepticism phase: military intervention on North Korea, government shutdown as the debt ceiling is reached in September, further implications of Trump's collusion with Russia, and the beginning of balance sheet reduction later this year by the Fed, to name just a few.
Any one of these has the
potential to make the 20 %
move we've already witnessed in
gold look like peanuts.
Currently, there are a lot of junior
gold and silver mining companies I would rather own
moving forward for their upside
potential of their valuations versus owning Facebook and Amazon, and frankly, we should all feel the same way as well.
Gold - Eagle Apr 25 - Top Pop «Cheerios» Dollar Featured in Stack's Bowers June 2018 Baltimore Auction Coin Week Apr 25 - Explosive,
Potential Energy in Charts Signaling a
move of $ 1,000 in
Gold Prices CTM Apr 25 - Silver Gives Us Another Chance to Accumulate and Buy Technical Traders Ltd