Excelsior: Gold And Gold Stocks Update – The Eye Of The Storm
According to Wikipedia, the eyeof the storm, is “a region of mostly calm weather at the center of a tropical cyclone (or hurricane).” This seems like an appropriate analogy to where we are in the gold sector in the here and now.
After a few years chock full of tailwinds blowing at the back of gold, we’ve seen it move from the false breakdown low of $1618.30 in November of 2022 (just over 2 years ago), to be followed by a gusty move higher adding almost $1,200 to that price getting up to the recent peak of $2801.80. The yellow monetary metal has seen quite a bullish storm indeed!…