from Silver Doctors:
Gold has sure been a four-letter word lately, suffering one of its worst bull summers, and the primary culprit was…
by Adam Hamilton of Zeal LLC
Gold has sure been a four-letter word lately, suffering one of its worst bull summers. The primary culprit was heavy gold-futures selling on a parabolic US-dollar surge fueled by extreme Fed hawkishness. But the resulting gold technical damage really disheartened investors, spawning additional relentless selling from them. This investment bleeding has certainly exacerbated gold’s downside, but its days are numbered.