Listen carefully fellas! The last time inflation reached this sort of level – 40 years ago – gold was flying. Inflation means a reduction in the buying power of paper currencies, including how much gold can be bought for a given amount of paper.
Also, the US economy – which is two-thirds driven by consumer spending – may slow this year. The rising costs of...
NASDAQ:RING
Bull trend since mid 2019, disturbed by covid19 crisis, but Gold and RING are back on the long bull trend, breakout done at late April 2020.
Entered early May 2020
The gold miners ETF just broke a big weekly resistance (since 2013) at 27.00 and its current price is now 28.72, what does it mean for Gold ?
As you can see, the price of this ETF broke a huge resistance, after a bullish pattern "Cup and handle", this is a big sign of a bull market for Gold !
Gold could breakout soon.
However, never forget that it might be a...
NASDAQ
