Gold is due for a bounce… But is that all it will be?
As fear has all but left the markets the precious metals have suffered, moving down for the third week in the row. Chris Vermeulen, The Gold and Oil Guy (click here to visit his site) shares his thoughts on why the metals are due for a bounce. We also discuss if this bounce will be enough to convince investors to enter the market again or if it will only be a short term move…
Click download link to listen on this device: Download Show
Good commentary from Chris V. with the areas of support and resistance he is looking at for the metals and general markets. I’ve noticed those gaps on the general indexes as well and generally the market will come back to fill those. Also, it was nice to hear him mention the Russell 2000 and small cap stocks leading the move down, and if the trend is to continue then the larger cap companies in the DOW and S&P would likewise start to move down. The other scenario where the markets rally surprising everyone and thus punishing the precious metals and miners doesn’t sound like much fun at all. I’d rather have a boring summer than that, but we’ll see what Mr Market serves up.
Is there a limit as to how much JGB’s the BOJ can buy?
https://www.japanmacroadvisors.com/page/category/our-views-on-japan/