We are not at a pivot, we are not at that point. The rate hikes will continue, just the size of them. I think gold needs to do some consolidation here, some whipsaw trading...
Because gold and silver can be expected to make their biggest percentage gains near the end of their respective bull markets, there is still time to board the train and start accumulating.
We have seen a weaker jobs report and a weaker CPI report. One report is not a trend, but two is more interesting. So we are waiting on pins and needles..
In my opinion, precious metals’ positive reaction to lower inflation backs up what we’ve been saying about commodities for quite some time. It’s a prelude to what will happen ...
The falling Dollar helped to propel gold higher. The Dollar is, has been breaking and gold left a lot of people on the sidelines. Gold above the 100 days moving average, below the 200 day at $1818.8
