I love throwing my 2c in when it comes to gold, so here ya go folk;
Gold will keep flying in different directions due to the fundamentals. It, along with the Yen, is seen as a safe investment option for regular retail investors. (I don't know why.. you'd be better off putting your equity into a long/short fund... then again, what would I know
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Currently, trump keeps running his mouth, oil keeps going up, and there's continuous back and forth about the next crash. Three years ago everyone though the market would repeat the 2008 crash in 2017, then it was 2018, then two months ago 3/4 of US hedge fund managers were predicting a crash in 2019, then I just read an article yesterday showing that bearish sentiment on the US market is diminishing, yet this morning I read another one predicting a crash in 2020.....
Bottom line is there's too much global uncertainty. Unfortunately gold will keep getting the brunt of it because uneducated, pessimistic investors will keep throwing their money into it when they're scared, thinking they're safe. It'll go up eventually if all this blabber about the next crash keeps going through to next year.. as for now, I've entered a small long position predicting more range-bound movement
