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Gold and Silver step forwards in response to all the fiscal deficits

From notayesmanseconomics.wordpress.com

It is time once again to take a look at the situation regarding precious metals and let me open by congratulating Gold Bugs. BREAKING: Gold officially hits $3,600/oz for the first time in history. Gold is now up +33% YTD, more than 3.5 TIMES the S&P 500’s return. In fact we get another perspective from the Financial Times only yesterday. Gold price vaults past $3,500 to new record We can also take a look at the explanation from it for this. Gold prices jumped to an all-time high on Tuesday, surpassing a previous record in April, amid a weak dollar and expectations of a US interest rate cut this month. The ... (full story)

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  • Category: Fundamental Analysis