Gold faced a tough week as waves of liquidation occurred, with many participants from hedge funds to managed funds giving the precious metal the cold shoulder. Unfortunately, silver also saw the pressure while its sister metals copper and platinum took off like a rocket and left everyone else behind. The good news is that weakness coincides with a bullish seasonal trade setup in the second half of December that could spill over into a highly inflationary environment in 2021.
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So why did so many people throw in the towel this week on gold and […]
November 21, 2020 (updated November 21, 2020) Published by StockMan