Today we visit with Louis Cammarosano of Smaulgld.com for his thoughts on what is going on with Gold and Silver?
Cammarosano cites Craig Hemke's work by reiterating that both precious metals seem not to be able to break above their 200-day-moving-averages.
I figured we might as well go ahead and update this chart.
— TF Metals Report (@TFMetals) June 15, 2018
For the 15th consecutive time over the past 24 months, Comex silver was immediately smashed the week following a close above its 200-week moving average.
But don't worry. I'm sure this is nothing but simple coincidence. pic.twitter.com/NP17ag8XS9
Trump’s policies may cause an economic boom, Cammarosano predicts.
Will gold and silver rise when the economy is on the rise?
Yes, he says, jewelry demand could keep gold and silver demand strong. About half of physical gold demand comes from eastern gold jewelry demand (China and India the largest gold buying markets).
In fact, recently the World Gold Council reported that physical gold's technilogical demand was larger than even net central bank gold bullion buying over the past 10 years.
The trend of gold's increasing usage in new technological applications is indeed growing more than most investors realize.
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