Gold Rally Over or Just Getting Started? A Technical Perspective
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October 6, 2020 | (102 mins 43 secs)
Sprott Market Strategist Paul Wong explains how technical analysis provides future guidance on the direction of gold markets and indicates that gold bullion and gold stocks have substantial room to move higher. He also explains why gold may be a more effective portfolio diversifier in this environment. Also explored:
- How most governments are expanding money supply in response to COVID
- Which macro variables can explain the majority of the movement in gold bullion
- How current Fed policies will affect gold bullion
- Why gold may make more sense than bonds in a diversified portfolio right now
- The technical chart patterns of gold bullion across different time frames
- What the charts indicate for silver
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