The $3150-$2950 buy zone is highlighted, and one play for investors to consider is a buy just above $3150, a “meatier” one at $3050, and a third one just below $2950.
China is considering setting up overseas gold warehouses to support international settlements via the Shanghai Gold Exchange, according to the People’s Bank of China (PBOC).
Will the market rally to 7,000 SPX? There is strong potential that the SPX has begun a multi-year bear market, with my next downside target being 3,500-3,800 SPX.
The intention to invest in dips is very high for gold, silver, and copper. India is expected to experience a cyclical period of high jewelry demand from April 28th to June 30th.
Since President Nixon nixed The Gold Standard back in ’71, Gold has already set the record for its largest intra-month low-to-high points-gain in history: +540!
