Gold starts week on a quiet note
Gold Newsletter’s Lundin says gold is in a ‘largely unrecognized’ bull market

(USAGOLD 1/23/2023) – Gold is starting the week on a quiet note as markets in general remain in a quandary over Fed policy and the possibility of a recession. It is up $2 at $1930. Silver is down 23¢ at $23.81. It is helpful to keep in mind that since gold’s triple bottom in early November, it is up almost 18%. It is up 5.5% since the start of the year. Gold Newsletter’s Brien Lundin sees gold’s steady performance of late as the start of a ‘largely unrecognized’ bull market.

“[T]he metal is consistently finding reasons to rise, as opposed to excuses to fall,” he says in a recent alert, “If you’ve been reading my stuff for very long, you know that I hold this as one of the most important hallmarks of a bull market. When the market is interpreting even potentially bearish news as bullish, that’s a bull market. Thus, even when the Dow is losing 600 points as it did yesterday, gold barely budged. All of this is good and bodes well for the future.”

This entry was posted in Daily Market Report, dailyquotes, Today's top gold news and opinion. Bookmark the permalink.