| Right now, global markets are dancing to the Brexit beat. Traders plow money into equities and sell gold every time a poll leans toward the UK staying in the EU. Fifteen minutes later they are reversing because a poll says it’s a tossup. We feel if you are invested in Gold you shouldn’t care. If you are trading Gold you should.
First: let’s quickly look at the logic behind the market’s gyrations on Brexit perception. The UK Leaves: GBP Gets Slammed- Sterling devalues quickly from what can best be called “separation anxiety”. Stocks are Sold- in a riskoff frenzy. Gold Rallies- as a hedge against uncertainty...............................................Full Article: Source
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