South Africa’s gold production rose 17.1% year-over-year in March versus 12.8% in February, according to Statistics South Africa. Mining production rose 2.5% YoY vs. 9.7% in February...
The potential enormity of negative fallout from lower bond prices and higher interest rates was confirmed by big down days in all markets, including stocks, gold, and silver.
The junior gold and silver miners look fantastic, and my long-term charts suggest the biggest action lies ahead.
Our E wave down of a larger ABCDE-type correction may not yet be finished. If correct, that support at the recent low of $4,500 may not hold and we could fall further to $4,300.
Epstein examines market movements, noting the fluctuations in gold, silver, and metals, and the influence of rising interest rates, which could draw money away from riskier investments.
Investment in physical gold and physical assets is for the long term and should not be confused with short-term investments...do not worry if the price consolidates for a very long time.
