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UBG - Gold: And You Thought You Missed The Move? Think Again
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We have been expecting a major reversal over the past few weeks. We seem to be establishing the lows that we were expecting at current levels.
Fundamentals tend to lag the market. Sometimes when everyone is buying up top, as when gold was at $2084, all the fundamentals were bullish.
But now we are down about $223 from that high, yet the fundamentals, for the most part, have not changed.
The pandemic is still crippling the global economy, US-China tensions are high, we have a highly volatile US election looming, and Black Lives Matters is pushing for social change.