Where Will The Gold Price Go From Here?
April 2020 by Chris Ralph
There seem to be two possibilities for the future of this disease and either way there will be an effect on the price of gold.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
I must admit to taking some degree of pleasure in anticipating the excuse-making which will probably come out of the "Global Warming" camp to explain away a truly startling announcement.
The last item on our “crisis agenda” may be the most important of all, perhaps because it may be the most unpredictable.
Gold’s greatest previous bull market took place in 1977-1980 amidst currency instability, and we cannot help but note the similarities between the present and that past era.
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