Gold has been pummeled. 3 reasons why it may rebound.
Yahoo's using dramatic language for what amounts to normal volatility in a bull market. Gold pulled back from highs but we're holding well above key support levels. The three reasons they cite - dollar weakness, inflation concerns, geopolitical tensions - are the same fundamentals that drove us from $1800 to $2700. Nothing changed structurally. COMEX registered gold keeps shrinking while central banks add 800+ tons annually. This pullback gives stackers a better entry point than we've seen in months. Physical premiums haven't budged much, telling you dealers expect this dip to be temporary. Stack accordingly.