Korelin Economics Report

US Markets – First pullback after a big move is typically a buying opportunity

Last time I had the The Gold and Oil Guy, Chris Vermeulen, on the show we discussed oil and how it was setting up to bounce back above $50/barrel. This time we focus on gold and the US markets. These markets have been very inversely correlated recently. With the US markets experiencing a general rollover we look at if this will continue, which would drive gold higher, or if this will be a buying opportunity and a reversal may come.

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