Gold should have performed better this time with last night US equity sell off. Silver was even worse. There isn’t much reason to suggest the safe haven flow should stopped.
Some are speculating price capping. I read one observation that when US equities drop over 3% there is usually a follow through selling and it is happening. We are all now reacting to daily cases of infection and mortality numbers. Under this condition and if Chinese data can be relied upon, the borders outside China have only started their individual ground zero. A few more months of volatility I’m expecting. Some DCB.
I saw the miss priced of risk but couldn’t take advantage of it. Waiting patiently to buy the dip. Might as well start looking at targets with all these free time lol.
