Below are the quotes of the week on the plunge in the gold and silver markets.
Gold, Silver, Uranium And Rare Earth Clean Out
October 21 (King World News) – Ole Hansen, Head of Commodity Strategy at SaxoBank: “URA [Uranium] and REMX [Rare Earths], two other current ‘hot’ themes besides GLD [Gold] and SLV [Silver] are also having a bit of cleanup today. All healthy developments to prevent the recent strong rallies morphing into a bubble that might later burst more violently.”
However painful…
Ole Hansen, Head of Commodity Strategy at SaxoBank: “However painful it may feel for latecomers to the gold rally, the metal could withstand a 10% correction to around USD 3,973 without breaking its bullish narrative.“
Quote Of The Week: Gold & Silver Takedown
King World News note: Ole Hansen also told Bloomberg: “In the last couple of trading sessions traders have increasingly been looking over their shoulders, as concerns about a correction and consolidation have arisen. It’s during corrections that a market’s true strength is revealed, and this time should be no different, with an underlying bid likely keeping any pullback limited.”
KWN Gold Special!
In this KWN Gold Special interview listen to the man who correctly predicted that 2024 and 2025 would each be a Golden Year For Gold gives listeners an update on what to expect with gold, silver and miners CLICK HERE OR ON THE IMAGE BELOW.
Friday’s Pullback In Gold & Silver
To listen to Alasdair Macleod discuss Friday’s pullback in gold, silver and the mining stocks as well as what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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