There is a clear indicator about gold's propects, a very simple indicator.
The world is in the midst of a pandemic not seen in a lifetime. Poor souls in Europe are dying in their thousands. In NY a person is dying from the virus every 20 minutes. A devasting situation.
Yet, gold, the supposedly safe haven yo-yos in a tight band going nowhere fast. It is only a matter of a short time before peak virus is reached and confidence returns to the market. Watch gold price nosedive then. It is already trading overbought a decline to 1360 is coming its way soon. I hope people have not over exposed themselves to gold.
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