Anybody else surprised by the resilience of this thing? Almost retraced the entire move of yesterday when silver is stuck at the 0.382 fib.
This thing is gonna go nuclear when talks of rate cuts surface.
From what I have heard, a big factor is the Chinese populace which is buying gold like never before due to massive amounts of currency being printed.
Posted by Boozenooze2
2 Comments
Yeah I would def not bet against gold. Even if margins are increased.
With trumps guy incoming and a tame cpi I’m betting we get a minimum of two interest rate cuts this year.
Imagine buying gold at these prices holy. Totally not a bubble.