G'day
I am not a gold hater, on the contrary I like gold.
I've followed the gold market for a long time, been burnt too, was in gold before it sunk in the mid to late 90's. That hurt and from memory one of the biggest contributors influencing this fall was how well stock markets were doing generally and how the good old USA economy was having a "Goldilocks' time - not too hot not to cold just right kind of time.
I would have loved to have all my money if gold the last year. I would now be seriously contemplating moving it back into stocks. I think others will be doing the same very soon and that is likely to cause the price of gold to pull back just on its own without the influence of any deflationary things like falling commodity prices or a recession.
Add to My Watchlist
What is My Watchlist?