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Seeking Alpha/Clif Droke/2-28-2020
“A simple glance at gold’s recent performance is sufficient evidence that the metal’s price has drastically benefited from the worries swirling around global financial markets. The gold price even threatened to go parabolic until the Feb. 25 trading session, at which time profit-taking became evident. Yet gold’s price is still at a multi-year high and shows no signs of reversing its well-established long-term upward trend anytime soon. And as recent history suggests, the gold bull market which began in October 2018 will almost certainly continue beyond the coronavirus threat.”
USAGOLD note: Droke considers gold’s post-virus prospects . . . It had entered into a bull market, he says, long before COVID-19 made its appearance on the global stage.