Normal cycles for corrections for gold would take 18-24 days, that was 5-10+ years ago. Now the corrections have evolved and can run as long as 35-50 days. We are in day 14. Video update
Ghana’s former President John Dramani Mahama said he will reverse the establishment of the country’s gold royalty fund if he regains power in the country’s December election. Mahama said the fund is a “very shady deal” and the fund would benefit just a few people.
The most hated stock market rally in the world just keeps on going higher. Will anything stop it? Or do we now take our cue from Irving Fisher whose quote is above? Or is our cue from economists Carmen M. Reinhart & Kenneth S. Rogoff who wrote a book entitled, This Time is Different – Eight Centuries of Financial Folly? We can’t take our eyes off it.
Indian gold imports can fall as gold recycling is shaping up in a big way. Gold recycled in India is getting accepted by banks and financial institutions.
Gold and silver were very wild yesterday in USA session. Sell stops, buy stops where both triggered as soon as Federal Reserve chairman started delivery this speech. Price moves will be volatile.
