A new definition for tedium should be having to follow the Dow Jones; for weeks now it hasn’t done much to entertain market watchers.
Talk about drama! The Dow Jones this week closed only one percent away from its last all-time high of last October 3rd.
After peaking in January, gold seems to have no immediate signs of slowing down.
One gold standard fact known to all is that it was terminated by President Nixon in August 1971.
After hitting its eight-month high at $1,300 on Jan. 30, analysts now predict that gold could sustain this performance throughout the year and into 2020.
For the past three years the path of the least resistance for gold and silver has been upward, except for brief market corrections.
The price of gold has been moving consistently well since October last year, as the stock market continues to be volatile.
Investors of the yellow metal should take note of these two very likely scenarios that could come soon for the gold market.
The Dow has exceeded the highs it recorded in January while gold is slowly seeing higher prices.
Dow Jones can be expected to continue its upward trend in the coming months after closing higher last week while gold slides lower.