The resilience of bullion as the Fed announced its biggest interest-rate increase since 1994 is reminding investors of gold’s appeal, the article continues.
It's official. It's a bear market. Although the TSX is still only in correction territory. Worst start since 1939. Crypto's crashing and our scary calculation says they could all go bust.
The good news for Sister Silver is that not only is she profoundly cheap relative to Gold, but also that she is adorned in her precious metal pinstripes rather than in her industrial metal jacket.
With extreme Fed tightening already slamming the stock markets into a new bear, Fed officials can’t risk further escalation. They need to back off their accelerating-rate-hikes jawboning or ..
China's holdings of U.S Treasuries tumbled in April to their lowest since May 2010. Japan's holdings fell further in April to their lowest since January 2020.
Gold still needs to break the downtrend line and traders will continue to be whipsawed. The gold cartel will continue to win some battles, but it will not win the war!
