Loading ...“will the new buyers have the staying power to keep gold prices rising or, in the heat of battle, with. the CBs/PPTs-round. the world–will they fall by the wayside?”
I suppose it depends who the “new buyers” are right? If little guys, they’ll get crushed and get out. Big guys may or may not get spooked so easily.
One thing seems sure, there is strength at certain levels underneath the gold price as Maddog has mentioned several times, and something is going on with silver, at least someone has an urge to buy for now.
I’m guessing that the bet is U.S. rates are going negative in the next couple of years. Trump thinks the USD is too strong to compete, the Fed thinks it’s too strong to maintain their phony inflation mandate of 2%. JMHO.