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Seeking Alpha/Clif Droke
“Who would have thought that words from the world’s most highly valued tech company could have a measurable impact on gold prices? Yet, that’s exactly what happened [last] week as a warning from Apple Inc. sent investors scurrying to buy gold. In this report, we’ll discuss this latest development as I make the case that gold’s most critical factors support a continued intermediate-term (3-6 month) rising trend. Among these factors are increasing worries over the global growth outlook and the metal’s rising relative strength versus Treasury bonds. Ignoring the fact that the U.S. major indices are near record highs, investors can’t seem to shake off their case of the jitters as anticipation of future economic turbulence is becoming widespread.”
Repost from 2-24-2020