“While we never comment on deal speculation, this appears to be a fake news website. We’ve never heard of this organization and they did not contact us ahead of publication.”
Just as expected, gold and silver bullion have pulled back, suffering throughout the week as a renewed attack was presented against precious metals, causing wild gyrations and shaking out those who just recently "joined the party" and are historically considered "weaker hands" than those who have been dollar cost averaging into the price of precious metals over a longer, more challenging period of time.
Analysing markets to determine where they’re headed is all about probabilities. Anyone who says with 100% certainty that a market is going up or down is being dishonest. But, the probabilities for potential outcomes can be judged based on prevailing information, multiple toolsets and sources, and a tried and tested process. With this in mind, there are two primary scenarios that I am monitoring over the next few weeks with respect to Gold which I’ll share today.
“The dramatic events of 2020 have challenged us to re-examine and rethink every aspect of our business and many of the assumptions of the past. That includes where and how we work.”
