Here is this week’s Gold-Eagle spot.
The point being as it has been all along, that the gold sector will be ready when the macro is ready; and the macro is not ready until things start to fall apart in the form of cyclical items weakening and then breaking down vs. counter-cyclical gold. Same as it was in 2000, same as it was in 2008. It is not definitive yet, but if the stock market’s problems are more than just a simple retest of the 200 day moving averages, the gold sector’s fundamentals could really get going.
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