Central banks, led by Turkey, China and India, put a floor under the gold price in the face of outflows from exchange-traded funds (ETFs) in the recent past.
Can the Fed print its way out of a margin call when it all goes wrong? You can crash and burn with the rest in this Investing Age of Stoopid … or instead give thanks for Gold!
Last week's big blast higher in gold, silver, and the mining stocks was the best an investor could ask for! It continued Friday after the US jobs report is released.
Gold has shown impressive strength weathering 2024’s summer doldrums. Now through the worst of its weakest seasonals of the year, gold didn’t suffer any prolonged selling. That was despite entering June very overbought...
Interestingly, gold could dip to $2200 or even lower and the flag would still be intact. I’ve outlined $2265 as a solid zone to buy silver/mining stocks and $2220-$2000 to buy more gold.
