The lead indicator for the chart has shot up by 15%.
As gold holds or slowly rises in price, this will filter through to the main chart.
Looking good for really healthy profits from this everything bubble.
Unlike the rest of the market, gold should continue while Rome burns.
If you think the virus is a contained or non-event, I suggest you take a few minutes of reflection.
Containment of the virus on the cruise ship was a failure. They still do not have a handle on transmission.
China has combatted this with total lockdown. Number of new cases is falling as a result. A muted yay.
It appears about 40% of business is still shut down and the rest is impacted by reduced traffic and restricted hours.
Have a read of this bit of fluff. Head in the sand. And deliberate.
This is almost all focussed on retail sales into China.
Hardly a word about supply lines.
As for the rest of the world…
A lot of these are random cases appearing out of nowhere and the two in Iran turned up dead.
Is the rest of the world going into lockdown?
Something else – it appears at least 80% of all current cases are hospitalised.
Not trying to alarm you, it is more to heighten your awareness of the potential impacts and where things may be going. Forewarned is forearmed.
On to a brighter subject for the holders of gold stocks. Might see another 20c rise in the POG today if lucky.
