Gold is the only safe haven when fear takes over
Gold continued to take centre stage during the week, at one point achieving its biggest one day rise in seven years. Gold bulls will be coming out of the shadows and reclaiming their status after being beaten up by the Great Gold Short, which was orchestrated by Wall Street a couple of years ago. After five years of falling gold prices, during which at many times the paper gold assault was at odds with the physical market, we are now back to a gold market that should start to make sense.
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