GLD Bugs are back!

Jul 17, 2019

With the devaluation of currencies globally and negative interest rates plaguing over 25% of sovereign government interest rates, Gold has come back in favor breaking their resistance of $129.00. Broad indexes are at all time highs and fear of devaluing currencies will create a run for a "store of value" trade which can also be perpetuated by a "fear trade" where Gold performs historically well. $143, then $154, and finally can test $172. We'll see.