| The prices of gold and silver surged higher Wednesday afternoon because … well, why? The dollar is down on the day. Gold’s price tends to benefit when that happens. But beyond that there’s a dearth of explanations except, well, It’s time.
Dow Jones Newswires’ headline is “DJ Gold Rockets Up $20 As Bearish Traders Grow Nervous.” It’s a cousin of the old “Stocks fell because of selling pressure.” It’s never wrong, it’s not very satisfying, and it’s utterly believable after a 27% YTD selloff...............................................Full Article: Source
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