Quote:
Gold is the big news from what I can see.
Yes Gold is the leader here, I said that back when this recent run started, watch Gold. The reason is because at the end of the day when the Dollar and Stocks both are getting dumped in times of uncertainty the money goes into Gold. Central Banks are all buying Gold and dumping the Dollar right now.
The US government is desperate to save the bond market and started buying back its own debt, because no one else wants it. Talk about an ouroboros - the snake that eats itself from the tail. This also devalues the Dollar so Silver is indirectly the beneficiary.
Anyone that wanted to buy Gold below $4,000 had their chance last month when it hovered around $3900-$4000 range for weeks. That boat has sailed.