Email of the day - gold attracting momentum traders
Comment of the Day

July 23 2020

Commentary by Eoin Treacy

Email of the day - gold attracting momentum traders

How far could the "Robinhooder's" distort the precious metal markets?

So far today the GDX/GDXJ do not seem to be confirming the upward movement in gold prices.

Eoin Treacy's view

Thank you for this question which may be of interest to the Collective. There is a tendency among precious metals investors to expect a full bull market to unfold in a short period of time. That is because the price tends to range for lengthy periods before experiencing explosive breakouts. These tend to go faster and farther than anyone has been conditioned to expect during the range.

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