Tensions between the US and Russia helped the gold price this past week. Moreover, with Rex
Tillerson, US Sec'y of State and a Putin pal, scheduled to meet with Russian Bigs next Tues. in
Moscow, there could be additional US / Russia diplomatic fallout ahead. Because the USD also
rallied this past week, the gold price might require more tensions to stay afloat in the short run.
The indecision in the market is captured by the fact that gold closed out the week just around its
40 wk m/a. Gold Weekly
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!