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Ladies and gentlemen… gold is back.
That's right, the yellow metal is up $100 in the past month, and it's up over 20% since its August lows of last summer.
The Fed's recent signal of a possible rate cut to counter economic headwinds has helped drive gold higher.
But perhaps even more important is the new global record of $13 trillion in negative-yielding sovereign bonds.
Never in 5,000 years of history – until now – have sovereign bonds paid negative yields.
Yet gold is reacting the way it always has, attracting investors as they seek shelter from economic and geopolitical storms.
And that has the metal of kings looking very shiny indeed…
About the Author
Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it's in gold, silver, oil, coal, or even potash.
What about long term Gold options e.g. jan 2021 calls… surely this is another great way to play Gold over the medium/long term?
sounds right
Excellent article Peter. Exciting times ahead for sure.