When it comes to recent volatility in the gold and silver markets, these veteran investors aren’t panicking.
JP Morgan Begins To Invest In Gold Explorers
October 27 (King World News) – Email from King World News reader Charles P: Now this is interesting….
I don’t recall ever seeing a TBTF Bank such as JPM publicly disclosing an equity investment in a gold miner such as Perpetua.
Obviously, with the ‘Eagle up-front in this deal, Jamie’s made a pretty safe bet, but add this to his remark a few days ago about gold being “semi-rational” to have in one’s portfolio ( you covered this on Oct 15 ) and one can clearly see ‘the narrative” shifting, if ever-so-subtly.
Keep up the good work!
Email from King World News reader Kevin W: Let’s see things move up from here.
Almost exact to the quarter of a dollar, gold pulls back 38.7% from its July 30th swing low.
XAU index almost exact to a 50% retracement within 30 cents.
After a similar % run up in prices into Dec.’10 and a run up that pushed prices above their various moving averages to certain levels of extreme today as then nearly identical, the same pullback we just had now occurred then also very fast over 3 weeks into Jan. ’11 with exactly the same retracements.
Then 3 months later silver was double its low made in Jan. ’11.
Tavi Costa On The Gold & Silver Volatility
To listen to Tavi Costa discuss exactly where we are after the recent pullback in gold, silver and mining stocks and what to expect going forward CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss this week’s trading in gold and silver as well as what to expect next week CLICK HERE OR ON THE IMAGE BELOW.
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