...once the Federal Reserve realizes it can’t raise interest rates any more without breaking the Treasury, causing the US dollar to slide, the prices of gold, silver, and copper are all but guaranteed to go up.
A lot can happen between Monday and Friday: Gold above support spritely popped; Inflation (FinMedia’s take) abruptly stopped; The StateSide economy frightfully flopped.
Way-better profits will help drive sector valuations lower, helping to attract in more investors who screen for lower P/E ratios. Plenty of gold stocks are dirt-cheap.
The double-figure pop up in gold last Tuesday was more to do with the weakening of the US dollar, than rampant gold demand itself. Gold continues to pull in support from CPI and PPI reports.
