With all the recent talk of a weak USD you would think that the PMs would have been really benefiting. As Jordan Roy-Byrne, Founder of The Daily Gold points out gold has remained relatively weak against not only the USD but also foreign currencies. The bounce in GDX reached 10% but is not reversing. Most likely we will get some volatility after the Fed rate hike and announcement but what we really need is a significant trend change.
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)