Monday, February 27, 2017 7:15:53 AM
Last year the move higher we saw in gold was predicated on a down stock market. This year gold has gone up along with the stock market making new highs almost every week. The PM's may be in a real sweet spot here IMO, because if we continue to see higher inflation numbers and I hope we will. Gold should march higher too.
On the other side we haven't had a significant correction since last year. We're overdue for either a big stock market correction or most likely a crash at some point later this year, so if/when that happens gold will benefit in that scenario at a higher price level.
If we could see some actions that break the PM manipulation Cartel that would significantly bolster PM prices too and finally the big wild card is what Trump and the uncertainty he could bring to the whole picture.
Gold seems to be positioned in a very nice spot heading into March.
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