Following Fed Chair Powell's speech yesterday which disappointed the gold and platinum market with the interpretation that future rate cuts were less certain, gold is currently down $10.6 to $1427 and platinum is off $27 to $851.8.
Short term market direction can be an inscrutable challenge, yet the long term vision that I anticipate is a precious metals market whose demand is not a function of interest rates and the dollar, as much as both will always be a factor in thinking about the alternatives to metal ownership.
I remain intensely bullish based on the relative small sizes of all precious metals markets, in comparison to financial and currency flows, as much as I am also totally not trusting near term movements. The roller coaster should make me squeamish, even nauseous, but my constitution allows me to simply hang on with both hands tightly on the wheel.
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