- The chart below clearly shows the recent sell-off that put a dramatic end to gold’s rally.
- Gold has had a sudden reality check down from a high of $1900/Oz in June to around $1775/Oz today.
- Two of the influencing factors are the FOMC and the meeting of the G7.
- It is a delicate balance keeping the markets supplied with liquidity and also keeping inflation under control.
- This Bull Market was always going to be a ‘White Knuckle Ride’ and we have seen nothing yet in terms of wild oscillations in both directions for this tiny market sector.
For further details see:
Gold Is On The Floor So Buy This Dip