Volatile few days for gold, and all asset markets with the shutdown - safe haven bid late last week, smashed Tuesday then back up again overnight

Jordan Eliseo
Jordan Eliseo ABC Bullion

Volatile few days for gold, and all asset markets with the shutdown - safe haven bid late last week, smashed Tuesday then back up again overnight. Good chance we see a bit more weakness in coming months but i'd say worst case scenario a pull-back to circa $1,100 - nothing to fret when a re-run of the 70's bull market will see prices head north of $5k minimum. Sounds crazy but fundamentals stronger this time around, especially in world addicted to permanent (and potentially expanding) QE and ultra-low interest rates. Weekly report into gold, the shutdown, us equity risk and Australian housing amongst other things can be found here (VIEW LINK)

Comments

Please sign in to comment on this wire.