The decline in the equity market has taken many by surprise. The mental gymnastics on display as the media tried to explain it have been nothing short of a perfect Olympic 10 score.
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!
