This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Part of the recent move up in gold…
I recently discussed how traders were stampeding out of gold as a result of rising interest rates and the threat of evaporating monetary fluid that was lubricating markets.
Gold climbed for the third session in a row, and is on track for its best weekly gains since April. Gold futures for delivery in August rose 0.6% to $1,256 per ounce.
So is now the time to buy gold?
In mid-April, a black swan crash-landed on the gold market.
Over just two trading days, gold futures prices shed 13%, falling from $1,575 to $1,375.
That $200 cliff dive was the largest two-day drop in 33 years.
Gold prices already had been in steady consolidation mode for 18 months. But the magnitude and swiftness of this dramatic move were rare…to the point of suspicion.
How did markets react? Unlike almost anyone expected.
What caused such a landslide, and who may be behind it? More importantly, what are the implications for the precious metals markets moving forward?
The conclusions will surprise you — and help you invest more wisely.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. It’s been a good few days for investors…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. With the yellow metal down about 14% this…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. I was honored to be in St. Paul’s…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Up until gold’s recent plunge, there was a…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Monday’s drop in gold prices was the largest…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Investors want to know: What’s driving down the…
