This is not good for anyone. Tensions are rapidly escalating, the situation in the Straight of Hormuz is spiraling out of control, and we are incredibly close to crossing the Rubicon.
Gold was trading in a choppy range with no discernable trend,in such markets, indicators such as technicals (RSI, MACDs, divergences), sentiment, and positioning (“TSP”) are at their best in terms of their accuracy in calling the peaks and troughs.
I was asked if I had any regrets about owning and holding physical gold over the past six years. As you might imagine, my answer was a resounding "NO".
Forget free markets. Canada’s Big Banks benefit from huge, hidden subsidies, political protection, and tacit government bailout guarantees. Is that smart?