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IAUF - 2nd Gold Target Hit - Silver Is Along For The Ride
iShares Gold Strategy ETF
It was a big day in metals. The desire for an alternative currency not enmeshed in the Sino-American trade war has pushed the price of gold well past our second long-term objective of $1,500 per ounce and well within striking distance of our third long-term objective at $1,640 per ounce. Wednesday’s $30 per ounce rally is just the latest expression of global fear sparked by the Trump Administration’s escalation of the tariff war with China.
Gold has thousands of years of history as the preferred currency in a crisis. With Europe flat on its back