Excerpt from my latest posting on sharpspixley.com entitled: All change in gold sentiment, but can it persist.
Gold’s performance has been little short of spectacular so far this year, with an increase to date of around 18% in just over 2 months. Equities have made something of a recovery in the past few days, but as a guide the S&P 500 is down a couple of percent year to date. In Europe the UK’s FTSE 100 is flat, Germany’s DAX is down 4% and in Asia Japan’s Nikkei 225 has fallen nearly 8% while China’s SSE Composite is down almost 13%.
Gold thrives on uncertainty and in the US and Europe there are some huge political uncertainties out there……….
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