UBG - Gold: Bank Holiday Next

Fundamentals

Most markets have an equilibrium based on supply and demand. What drives the market to extremes is speculation. Recently, that speculation has been driven by fear based on the coronavirus. People who have been in the market for a long time, who just got into the market recently at the top, are now nervous. The back of the bull market in equities has been broken, so now the market has to prove itself that it isn’t in a bear market. It needs to identify these levels based on supply and demand, where people will