Gold fell 0.5% but remains up a healthy 53.8% on the year. Talk of the Fed staying pat helped push gold prices down, while talk of an interest rate cut helped gold prices rise.
Welcome to the 16th Anniversary Edition of The Gold Update. What began 835 Saturdays ago on 21 November 2009 as a single paragraph and chart for one JGS has since evolved...
With gold suffering a healthy drawdown after an extreme topping, much-better gold-stock entry prices are very likely as it runs its course. Get your shopping list dialed in before that.
The bottom line: in the Asia-dominated gold bull era, using gold like a stock to make fiat profits is a questionable endeavour at best. Now it’s all about… getting more gold!
Ira Epstein discusses the performance of the metal markets, highlighting that gold held steady at the $4,000 level and silver remained stable under $50, despite a broader market downturn.
