Przemyslaw K. Radomski, CFA has over twenty years of expertise in the precious metals. Treating self-growth and conscious capitalism as core principles, Mr. Radomski is the founder of GoldPriceForecast.com and SilverPriceForecast.com, parts of financial community (GoldenMeadow.eu) that empowers authors and investors.
The fact that gold declined so much on "nothing" is truly profound.
Absurd? Perhaps. But it's still taking place.
Technicals and fundamentals align - and it doesn't look good for the precious metals in the medium term.
This is yet another time when gold failed to hold above its 50% retracement, and it has consequences.
The oil-USD-gold channel is being confirmed once again.
Technicals sometimes lead the real-world events - and that's what happened recently. Understanding WHY the rally is coming is still important, though.
