Ira Epstein discusses the current state of the metals market, highlighting concerns about gold's loss of upside momentum despite a recent price increase.
Gold now likely enters the “blowoff” phase of the inversion. Investors need to be prepared for prices as high as $5000 before this fantastic move against vile fiat gets a needed pause.
When you look at the gold market, it's come up $98 for the week. That's pretty important. You're looking at a market that's got a lower low, higher high.
Cash is still king for China’s nation of savers. If just ten percent of Chinese savings goes to gold/silver in physical form, then the new hyper bullish trend could be unthinkable.
In a world that is increasingly on edge, the safe haven is gold. We appear to be in the throes of a powerful bull market that may have further to run. Pullbacks can be healthy. Runaway moves not so much.
Gold is responding to the growing political chaos, a slowing economy and still sticky inflation (stagflation?). Gold has been number one this year and the rise does not look finished yet.
