Post by
lifegoeson on Jul 07, 2021 9:03am
Gold up 5th day in a row.
It is great to see gold up again today (5th uptick in a row). This is the first time since about June 15 that the price has come back up over $1,800 US. Starting to feel like the markets have reached their highs for now, essentially the growth since Covid started to decline is now factored into the markets (and with Delta spreading world-wide, it doesn't look like Covid is over quite yet, something like 99% of all people dying are unvaccinated). Look at the chart of a few big companie like the Bank of Montreal (BMO), prices have begun to plateau over the last month indicating profit taking I suspecf. The 10-year Treasury yield in the US plunged below 1.3% and the 30 year yield below 2%, amazing, no one is making money on these financial investments, but this has to be good for gold over the long run. Can gold run over $2,000...?
TOC closed yesterday at another high with combined volume between Germany and Canada about 180,000 shares. As my dad said, "slow and steady is best". Let's see if there is any news this week, we are in the middle of July which generally can be a very quiet part of the summer..