If You Are Worried About The Action In Gold & Silver, Just Read This
As the monetary madness continues, look at the powerful piece below.
“The two most powerful warriors are patience and time.” — Leo Tolstoy
And for those worried about the action in gold and silver…
The following chart shows the “world gold price.” Instead of using US Dollar or Euro terms, it expresses the gold price in terms of the trade-weighted exchange rate of the US dollar. If one compares the world gold price to the USD gold price, one can see that there has been a growing divergence between the two since 2014. This was primarily due to increasing confidence in the US economy’s recovery and the associated rate hike fantasies, which boosted the US dollar.
A Look At The Remarkable ‘World Gold Price’ Uptrend
A comparison with past bull markets is interesting as well. In our previous studies we have compared the recent correction with the mid-cycle correction between 1974 and 1976…