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.”