Investors should pay attention to the latest uptick in central banks’ gold purchases, as these institutions have historically bought gold on the dips, said Jeffrey Christian, managing partner of CPM Group. “Central banks are more price sensitive than private investors, so they’ll buy on the dips whereas a lot of private investors only buy when the price is rising,” Christian told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco. Additionally, gold purchases signal that central banks are ready to hedge their U.S. dollar exposure, Christian said.
This Week’s Gold Drop And Stock Market Seasonality – Mike Swanson (11/25/2020)
Gold Prices And SPDR Gold Trust ETF (NYSEARCA: GLD) Are Trading Right On Long-Term Support – Tim Bellamy (11/24/2020)
Gold’s Momentous Rally From 2000 Compared To SPY & QQQ – Part II – Chris Vermeulen (11/17/2020)
Gold’s Momentous Rally From 2000 Compared To SPY & QQQ – Part I – Chris Vermeulen (11/16/2020)