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Strategies & Market Trends : Ride the Tiger with CD

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To: Terry Maloney who wrote (292004)11/27/2021 12:29:31 PM
From: Valuepro3 Recommendations

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Terry Maloney

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As many here already understand, when the broader markets take a hit, so do precious metals. As to yesterday's action, I think it quite important to note that among the PMs, gold suffered the least by far.

Why might this be? Because all the others are less monetary metals than industrial ones. Therefore, what happened in markets yesterday, generally speaking, was an expression of fear. If it continues, I would expect continued selling in PMs to the point that weak hands in gold and silver are out, allowing a strong reversal in those monetary metals (but not the platinum groups).


With thanks to Kitco:
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