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Gold’s Pullback

Published 02/26/2020, 02:35 PM
Updated 07/09/2023, 06:31 AM

It seems to me the selloff in the gold sector is healthy, and simply a small move down in the context of a broad bull market. Here are a couple of charts to bolster my claim:

ARCA Gold BUGS (Gold Bug Index)

ARCA Gold BUGS

Philadelphia Gold/Silver (Gold Sector Index)

Philadelphia Gold/Silver

Latest comments

Flight from Gold to bond and Bitcoin...Astonishing reverse gear
Thanx Tim. I've held gold since late '99. I'm not too worried about price and added 10% at 1600 recently. I don't think it'll go to fear in reverse if this should occur. Much appreciated.
It is pretty obvious that it is repeating the pattern showed in the first half of January.
Kudlow, Mnuchin, Wilbur Ross, Blankfein, and Goldman Sachs are manipulating gold futures lower in order to support Trump's bid to win the Presidential election....
Gold is not the asset that needs a healthy pullback...
I agree Tim. Just a healthy pull back, it will resume going up shortly. The big boys are just shaking the trees and trying to get people to panic sell so they can buy in. Ordered 5 more ounces of physical. This year will end with gold north of $1700 IMHO.
Pull backs by whom? The Fed?
We've had enough pullbacks and flatlining to over the past few years.. Northbound it will go.
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