Friday, February 26, 2021

Tag: Gold At Multi-Year Highs Is Very Precarious

Gold At Multi-Year Highs Is Very Precarious, Risk For Cascading Sell-Off Of Gold Very High

from Silver Doctors:

Gold-futures speculators and/or American stock investors have to keep buying.  If they don’t, gold will stall out and…

by Adam Hamilton of Zeal LLC

Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news.  The US assassinated Iran’s top general, so Iran fired ballistic missiles at military bases in Iraq used by the US.  That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices.  But geopolitically-driven gold spikes never last long, and the gold buying behind this surge is very precarious.