Phil Carr
The Gold & Silver Club
Gold has been on an incredible bull-run throughout 2020, with the precious metal surging over 35% this year.
A global outbreak of the worst pandemic in history combined with unprecedented levels of quantitative easing by central banks world-wide propelled the precious metal above $2,000 an ounce for the first time ever this month.
On Tuesday, Gold retreating sharply back below $1,900 amid optimism that Russia had approved "the world's first Covid-19 Vaccine".
The announcement prompted hedge funds and investment banks into a cascade of profit-taking from Gold’s breakout run to record levels.
Overall, the bull market in precious metals remains intact.
Whilst gold remains vulnerable to further weakness in the near-term – it goes without saying – the fundamental backdrop for precious metals remains extremely bullish in the long-term. My advice is to stay nimble, use a research-driven approach to capitalize on every move with ultimate accuracy and routinely take profits off the table!
Where are prices heading next? Watch The Gold & Silver Club Commodity Report now with Phil Carr for the latest price forecasts and predictions:
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
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