Emanuel Balarie
Emanuel Balarie
currency fleeing gold historical people realize safe sorts starting uncertain view
I think a lot more people are starting to view gold as a currency of sorts and realize that in this uncertain geopolitical environment, they are fleeing to something that has always been a historical safe haven.
buying concerns continue decline dollar downward draw gain
Going forward, inflationary concerns will only gain steam, the U.S. dollar will continue its downward decline and geopolitical tensions will continue to draw safe-haven buying from around the globe.
deciding decline dollar environment market money move moving people seeing tension
In any geopolitical tension environment you're going to have people that are going to take their money away from the market and traditionally they would move it to cash, but I think what they are doing now they are seeing the dollar decline and are deciding to move it into gold, which has been moving higher.
broke gold hit might moved ounce people surprise surprised
Gold at $600 an ounce might be a surprise to many, but these are the same people that were surprised when gold hit $300, when it broke $400 and when it moved to over $500.
china continues correction expect further heading higher meet prices supply type
I expect some type of further correction in the short-term, but still see prices heading higher as China continues manufacturing and supply does not meet demand.