Gold has been dropping since mid-July. Commodities like gold, silver, and oil many times start recovering in price around mid-December.
With Gold and silver hitting a hard bottom a few days ago, I find it a bit premature to call this a bear run.
It was merely regaining huge losses.
Your comment about mid-December rallies may be spot on, but I find the article humorous.
The person may be proven to be a sage, but his is definitely premature here IMO.
What is happening to gas prices. Prices in the Houston area have dropped from $3.35 to $2.29 and lower in just a few days.
Are the prices of gold and oil being manipulated so as to make the dollar look stronger?
It’s my belief that the dollar is going to stage a jaw-dropping multi-year rally that will leave all other currencies in a smoking heap. Just my view.
I think that gold & silver will do essentially nothing in dollar terms, but that means they will rise in “other-currency” terms.
But I think the stock market is likely to be the biggest beneficiary, for the simple reasons that other currencies are going to degrade, and folks from all over the world can buy the finest companies in the world, with the best mgmt in the world, paying the best divs in the world, in the world’s strongest currency! People are going to have to buy dollars or be left behind, and while they might buy bonds versus stocks and will no doubt do so in many cases, I believe that bonds will not have to pay any reasonable coupon for quite a while.
My .02, and I am far from a permabull as you probably know from my prior posts. I think we are going to see a 30-40% USD rally over several years.
I’m wondering if all those people who bought it a $1300 are thinking this 6 month negative average slope is a “buy”......