While geopolitical risk is clearly here to stay, but it is probably not fully priced in along the length of the gold forward curve
Precious metals have also fared quite well in terms of Federal Reserve Notes. Gold managed to come out of the month with a 2% gain. Silver put on an even more impressive 7% advance. Precious metals are rallying versus all currencies, a good harbinger of a major bull market ahead. When currency finally turns down, the recent strength in metals could be amplified – big league.
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