CPM Group Founder Jeffrey Christian: "Investors should always have a portion of their wealth in gold and silver. How much depends on political and economic conditions."
26 of the past 48 Decembers have been net positive for Gold, including each of the last six: +2.6%, +4.5%, +3.4%, +6.4%, +2.9% and +3.8% from 2017 through 2022 respectively.
Gold’s big winter rally, with potential to grow bigger than usual, is fueled by outsized demand first from holiday jewelry buying, then New Year investment buying.
Regardless of whether the stock market’s Goldilocks flavored rally continues on to test or even marginally exceed the 2021 high, the negative signal by Copper/Gold is intact and waiting.
Gold has been in a giant trading range since mid-2020. When the breakout happens, it will take most investors by surprise, which is what you expect when a major breakout occurs.
Gold jewelers made brisk sales in India on the Diwali weekend with consumers’ interest riding on a recent drop in prices. This week gold headed for its first weekly gain in three.
