Believe it or not, there is a proper term for marching in place. It’s called, “marking time”. I suppose what we’re also experiencing is akin to running in a hamster wheel, but I’ve never really liked hamsters and I did serve in the Army, so I’m biased like that. But no matter what we call it, gold & silver are simply churning.
Let’s review the fundamental backdrop to get an understanding as to why.
The US presidential election is still undecided. There are some hard dates coming up, but for now, the MSM is calling the election for Biden, President Trump is calling the election for himself, Joe Biden is calling the election for himself, and pretty much everybody on all sides is crying foul.
Here’s the question: Is any of this “bad” for gold & silver?
The short answer is “no”.
Specifically, gold & silver are hedging...