ping
Gold rose against all currencies today, but has failed to make new highs against the pound, yen or yuan. I expect a mild dollar rally soon, and look for gold and stocks to go somewhat lower as that happens.
And silver is just behaving like the bad step-child here...
Gold’s previous runup in the late 70’s took it to about 900/ounce, and silver went to about 46.
Gold at 1100 should take silver to around 55.
Gold is the anti-printing press.
The busier the printing presses, the better the price of gold.
Simple, really.
Well, “they” better get to making more gold, cause I hear it is running out.
When I was younger, and didn’t mind slopping around in freezing cold water, I panned gold for a hobby, and sometimes did pretty good. It’s getting about time to take up my old hobby.