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Gold Rallies In The Face Of The Bank Of England’s Quantitative Easing

By Sunshine Profits (Przemyslaw Radomski, CFA)CommoditiesSep 30, 2022 03:08AM ET
www.investing.com/analysis/gold-rallies-in-the-face-of-the-bank-of-englands-quantitative-easing-200630491
Gold Rallies In The Face Of The Bank Of England’s Quantitative Easing
By Sunshine Profits (Przemyslaw Radomski, CFA)   |  Sep 30, 2022 03:08AM ET
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XAG/USD
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Gold, silver, and mining stocks surged after the Bank of England announced QE. Does this have any impact on the precious metals market outlook though?

The precious metals sector rallied, but it didn’t change the short-term downtrend. It seems that the markets got scared of the consequences of QE in the U.K., as there was significant safe-haven buying. However, it’s unlikely that this will affect even the short-term trend.

In short, I don’t think that the GDXJ will rally above $30 before plunging, and it could be the case that the top is already in.

For more technical details, I recorded a video (yes, I’m back on the video front after a long break!) and I hope you like it.

Gold Rallies In The Face Of The Bank Of England’s Quantitative Easing
 

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Gold Rallies In The Face Of The Bank Of England’s Quantitative Easing

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Comments (4)
boom boom the bear
boom boom the bear Oct 02, 2022 1:27AM ET
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you are one of the greatest market analyst of all time , thanks again
Dwain Hobbs
Dwain Hobbs Oct 02, 2022 1:27AM ET
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Commending yourself again Radomski ? What a sad lunatic lol
boom boom the bear
boom boom the bear Oct 02, 2022 1:24AM ET
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plz share your video link / channel , thanks
Rajesh Upadhyay
Rajesh Upadhyay Sep 30, 2022 9:43AM ET
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UK IS SCREWED BIG TIME. THEY DON'T HAVE ANY ALTERNATIVE, THEY HAVE TO STOP FREEBIES, INCREASE RATE OF INTREST, & INCREASE TAXES. OTHERWISE UK WILL BE DIVIDED IN TO 2 PARTS.
Alex Growth
Alex Growth Sep 30, 2022 6:20AM ET
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Thank you for your analysis. Where can we found the video?
 
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