Well at least things are getting interesting. We have managed risk in the precious metals and will continue to do that, but there will be opportunity arriving sooner or later in that sad state of affairs. More importantly, gold is de-risking against the global ‘RISK ON’ trade.
The stock market is coming due for an interim correction, but bears and gold bugs may not get the big turn for some months yet. At least that is what current analysis continues to indicate. It’s always subject to revision of course in dynamic markets being driven by hedgies, black boxes and various momo’s chasing trends.Add to SocialTrade