Now did you read the news today?
They say the danger's gone away
But I can see the fire's still alight
They're burning into the night
--Genesis
Nice move by gold on Fri out of the cup-and-handle set up. The yellow metal is now knock-knock-knockin' on 1300.
When did the metals start perking up? When extreme central bank policies such as NIRP began sparking serious thought about where and how to save cash.
Remember that gold is a bet on disorder, whether that disorder be financial, social, etc. Those bets are increasing.
position in gold
Saturday, April 30, 2016
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