The weak US economy and the weak US dollar policy resulting from the Shanghai Accord meant that the Fed was unable to raise interest rates.
In today’s video update Kris looks at the US Presidential election, and an indicator that could provide a clue about who will win this November…
The question is, with gold having now pulled back 3.78% from the July high, what’s next? Should you lock in your gains, or have a punt?
Gold — and gold stocks — crashed during the banking and stock market crisis of 2008/09. This time, albeit worse, should be no different.
The price of gold is on the launch pad…and it may be poised for a moonshot. We already saw the price of gold ‘lift-off’ after the Brexit announcement.
With a catastrophic financial meltdown looming — possibly the greatest of all time —the US dollar is going much higher.
How will silver fare? We’ve seen it surge recently. Silver could be in the early stages of a bull market. Or a massive bear trap.
Now the Brexit vote is over, the sterling will suffer yet another blow. With the Leave vote winning, we have seen a sudden loss of confidence in the Pound.
I’m short term bearish and long term bullish on gold. I’d like to draw your attention to a couple of charts which back up my fundamental research.
Selling fewer phones, making lower profits…none of that is good. Not for Apple. Not for technology stocks. Not for growth stocks.