Underlying Support.
Underlying Support.
Dear Investor.
While most investors remain almost 100% focused on what the Fed might do...we are getting closer to a major escalation in the Middle East. Shipping lanes are under constant attack.
Much of the traffic is now routed on new lanes, much further and certainly much more costly.
Today, the metals saw some profit taking, which is very healthy in building a solid foundation...a more orderly price increase is better for long-term pricing.
Remain attentive to any new developments; this rally has attracted fresh capital into the metals market. However, as other potential events unfold, more investors will start looking at gold and silver.
Overall, the gold market has some very strong underlying support.
The New York bank that IMG mentioned not too long ago received a substantial injection of capital to stay afloat for now, but troubled waters are not far away...plenty of other banks have issues that will require assistance.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
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