This is now believed to be a great point to buy the Precious Metals sector, buy back or add to positions in the reasonable expectation that the upleg now just starting will prove to be BIG.
Of greater import, is a better up week for Gold about to unfold? Either way, ‘tis Gold one wants to hold!
A higher-rate environment can indeed be bearish for gold and silver, but historically, that hasn’t always been the case.
Gold has successfully transitioned into what macro analysts call the “debasement trade” and is acting as a structural sovereign safety net, shrugging off aggressive central bank interest rate hikes.
If you have ever taken the time to look at a banknote issued by the Bank of England, you may have noticed that it carries the words “I promise to pay the bearer on demand”… Pay the bearer what, exactly?
Technical stock charts on $B, $GDX, $GDXJ, $NUGT and more.
For at least the next four years, the Fed will be following the lead of the market and not vice versa. It is going to take some time for the market to adapt. They have been spoon-fed by the Fed...
