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It may have felt scary at the time, but gold held up well compared to the stock market, and the golden arc is still doing it’s job of containing price, and leading us back towards the old highs. The recent Fed announcement should clear the path to $1800 and beyond. Let’s see what happens next.
Glad to see the punch bowl back. 🙂
I had my concerns there for a while North, but she came through in style 🙂
Monthly and quarterly close coming up… if we can claw back above 1600$… it’s game on!!!
Indeed Patrick, and after the Fed went ‘all in’ that wouldn’t surprise me at all.
Yep. This also signals deceasing volatility in markets… VIX and GSR will go down… and inflation cycle for commodities to start. Markets should tumble down some more, and now be led by gold (ie gold:spx ratio now in uptrend). I was on the fence whether more liquidity needs my markets would force sell-offs in gold… but if fed is gonna print.. I guess no more need for sell-offs.. as fed will provide the needed liquidity…
“signals deceasing volatility in markets”
Good luck with that call. Just watch.
Puking in this bowl isn’t an option. Let’s top it off whiskey and then ride those fumes to the moon! 🙂