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Gold Has Been Behaving Strangely, Here’s Why
There have been very "strange goings-on in the space" lately, says David Erfle, founder of JuniorMinerJunky.com.
Lately, gold has been "sticky" upwards, shrugging off dollar declines but has dropped dramatically whenever the dollar rises even a little bit.
"The tariff news is pretty much priced in. We've got Powell coming up speaking next Wednesday and we know he's going to raise, but we don't know if he will hint that they might not raise in December," Erfle told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek. (show less)
There have been very "strange goings-on in the space" lately, says David Erfle, founder of JuniorMinerJunky.com.
Lately, gold has been "sticky" upwards, shrugging off dollar declines but has dropped dramatically whenever the dollar rises even a little bit.
"The tariff news is pretty much priced in. We've got Powell coming up speaking next Wednesday and we know he's going to raise, but we don't know if he will hint that they might not raise in December," ... (read more)
Precious Metals Summit 2018
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