Go to the Billionstars or any gold shops that sell actual gold or silver bar, and you will find that Gold is still at US$5200. Silver is still out of stock. Gold didn't crashed, what crashed was the value of the paper that says you own gold. Ever go to a shop that advertises a much lower prices but doesn't have stocks , and doesn't let you pre-order at that price? Comex and all the exchanges are pulling a scam on retail investors. Physical Gold should be at $5200 right now and that should be the true gold price. Invest into miners using this price point . Trump will bomb another country in a couple of days/weeks. New Fed chief even if he comes in will have to lower the rate. Buy while you got a chance, else don't say "I should have bought at the dip".
Gold, Silver Stocks and ETFs Fall Again, but Losses Narrow
$XAU/USD(XAUUSD.FOREX)$ pretty much where it was supposed to be In the first place before speculative buying caused it to burst to 5600 over 2 days. the overheating together with the huge drop in Microsoft couple with funds doing their yearly rebalancing make this a perfect storm. USD debasement is still ongoing. Central banks are still buying , Trump is still going to cause problems globally.
$USA Rare Earth Inc.(USAR)$ Before investing, ask yourself "which of Trump's investments made money for anybody but Trump". This is a company with no revenue but lots of expenses for a few more years at least . US Govt bought in at $17, Trump's insider probably bought much lower. Trump announced and prices shoot to 24-26 .. so now insider take profit ...
The sharp decline is finally over (for now). Banks will find another justification for price drop again when they take profit off weak hands. New Fed chief was a silly excuse but the market run with it. 50% of US GDP was transferred (not listed) to banks over 3 days. Paper Gold went as low as 4600 but no shops was willing to sell me physical gold for less than 5200. The balloon bursting was expected when the price was pumped to 5600 within 2 days. Classic pump and dump. 5000 is now the minor support. If US holds 5000, we can expect gold to trade sideways at 5200 while gold miners drift upwards .