$2400 Is Now The Historic High for Gold, Can This Continue?

Following last year’s strong performance of up over 14 %, gold continues to move higher, now breaking above $2400 an ounce. There are lots of reasons to believe this trend will continue. This is Coins Roc, stay tuned as I explain.

[@Jaybizzy33]

That little pull back right before the close could help come Monday, I’d recommend getting some before the bull run for next week this could be a bargain ya know… it could very well be $2475 by next week ends. Thank you Coins! As always I appreciate your videos!

[@CoinsRoc]

Thank you too, we might have a pullback and we might well see $2475, it certainly is volatile.

[@silvertrek357]

All good points, but it's a little daunting to purchase more right now. I feel like there could be a pullback in the next couple months. But that's just it- a feeling

[@CoinsRoc]

You could be right, already the pull back has started

[@jdanielm5995]

I doubt very seriously that there will be any interest rate reduction this calendar year...

[@CoinsRoc]

That might be the case, no one can say for sure when rate cuts are coming, but it is widely expected that sooner or later rate cuts are coming.

[@jdanielm5995]

@@CoinsRocmost likely later rather then sooner, like next year... the Fed is in a very bad place, damned if they do and damned if they don't... we live in interesting times... pun intended...

[@CoinsRoc]

@@jdanielm5995 No one knows for sure, including Jerome Powell, these are indeed interesting times.

[@jdanielm5995]

@@CoinsRoc yes and after last nights strikes, PMs and other safe haven assets may well rise a tad when the markets open this evening... uncertainty plays havoc with the markets; like we need more, eh...??? think it best to just keep one's powder dry and wait and see what shakes out... since we're at the final phase of the fourth turning and all... if one subscribes to that theory...

[@CoinsRoc]

@@jdanielm5995 I wouldn't be at all surprised if you are correct.

[@livinthedream7714]

Lotsa dallars going to gold!

[@CoinsRoc]

Right you are!

[@user-lz5ff3ju1c]

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[@CoinsRoc]

Good for you, keep it up.

[@pccoinstar5911]

Beautiful ❤

[@CoinsRoc]

Thank you.