Depends on how NK unfolds.
More uncertainty or threats = higher gold prices.
If it settles down or is temporarily tamped down, gold prices will reside.
I remember how we were all supposed to buy gold in 2012, when it was soaring up to $1600. Or in 2008, when the market was reeling and it broke $1000. And in 1980, when it rose like a rocket to over $2000.
A bit of profit taking this afternoon on N Y exchange, but I’ll wager gold and silver will be up again on 9/30.
NO!
“Gold is moving up and pierced through $1,300 early this morning on the Asia Europe market. “
Down over 25% in five years. Down for the year ...
Precious metals are a scam. It’s good to have in a SHTF event but that’s about it.
[puts on flame retardant suit]
It went from $1290, peaked at $1324, a rise of 2.6%, and is back down to $1310. Whoopdedoo.
Why would anyone believe that gold is "blowing" through anything, with those numbers?
Bitcoin is up from $910 in Jan 2017 to over $4600, a 5-bagger. That qualifies as "blowing".
Bitcoin hit $4700 today.
Gold’s move is a joke next to Bitcoin’s. Approaching $5000