I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom.
General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It was the type of move that was met with widespread suspicion as even gold bugs were calling for a return to $800-$900 gold.
No comments:
Post a Comment