Gold soared and held huge gains on robust foreign demand. Since American stock investors haven’t even started chasing gold yet, they still have massive room to buy.
The market stepped out of the trend when it got down here and went to $2760. It then started the recovery process, and the tariffs are carrying the market to new highs.
Precious metals refiner Heraeus noted that “tariff concerns have proved contagious in the precious metals markets, as gold, silver, and platinum have all been affected.”
We anticipate further near-term rising for Gold, barring an inflation/Fed-hike scare. $3822 = the opening Scoreboard’s current Dollar debasement valuation of Gold
Gold’s decisive upside breakout from its recent high consolidation portends more records. Deeply-undervalued gold stocks still need to surge massively to reflect this abundant goodness.
