Loading ...but what is really driving gold?
We know it’s central banks doing the bulk of the buying, but why? Do they know something is coming? A re-valuation?
We’re not hearing about supply issues, yet it just keeps powering higher day after day.
If there was a day they should have been able to get the metals, it was today when the SM cracked. Bitcoin getting trashed, down another $3K. Oil down to $57.01.
The algo’s have been working on SLV all day, but GLD seems oblivious to the pressure.
I have two stocks that can’t seem to get out of bed and join the fun. Dolly Varden and New Found Gold. Not sure what’s up with those two, especially Dolly Varden. The charts on both look good, volume has been good, but there is a consistent seller in both of them. They’ve done OK, but nothing like any of their peers.