When is the End of the Gold Correction?
Daniela Cambone of Kitco News welcomes back Frank Holmes to take a look at what the gold market has been up to. She reasons that the $1,080 mark seems to be forming a base for gold, but Frank thinks the correction could be behind us. He reminds investors of the big spike that we normally see in September, followed by a correction and then a rally going into Chinese New Year, but says what investors should remember to look at is the 10-year and 5-year government bond. As real rates rise, the price of gold tends to decline.
Frank also discusses the recent 257-percent increase in U.S. silver coin sales, saying that this is the best Christmas or Hanukkah gift to give this year. Tune in for the full replay to see what gold’s touchdown pass of the week is.
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