BLOOMBERG Whatd You Miss July 14, 2024
Wasnt just haven bonds being sold it was also Precious Metals. Gold is down and so is silver. The worst day for these Precious Metals going back to 2016. What makes this so interesting is the dollar index is flat. Investors just wanted out of the haven assets. Thats not entirely surprising. Looking at the gold chart that goes back over the last five years, we have seen gold stuck in a huge range between 1200 and 1400 area right now moving this year moving above it. We have seen the indicator put in lower highs meaning that we could see some consolidation for gold coming up ahead. If not for tr...