Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.
For the past few years, I’ve been suggesting that the world’s ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.
As America loses a ridiculous trade war and manufacturing activity tumbles to 10year lows, the nation’s horrific GDP growth rate for 2019 was ranked an abysmal… number 107 in the world.
I predicted gold would bottom in mid-November and it did.The fabulous daily gold chart. A lot of amateur gold investors have missed this rally.That’s partly because they thought the “smart money” was shorting a lot of gold on the COMEX.
The amount of debt in both China and the United States is horrifying and it continues to grow. Debt growth is worshipped by millions of people who think it is a cure rather than a disease.
Can gold take out the 2019 highs and carry the miners on a mighty bull run that will stun all the naysayers? Goldman analysts think it will happen!
While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that’s very good news for investors.
With India’s titanic physical market now switching from a price discount to a premium, the door is open for the end of gold’s healthy and graceful price reaction.
Top US politicians describe the US economy as the “mightiest of all time.” Houston, we have a problem! The next tariff tax deadline is now only about three weeks away.
It doesn’t take much downside price action to make gold investors nervous, or much upside price action to make greed appear. It’s probably true that no fever is like gold feve