It is great to see signs of life in both the gold and silver markets. I suggest we wait to see how the market reacts to the short squeeze in both markets. When the panic is over we will probably have a signal to buy both the physical metals and the mining and related stocks.
The common wisdom is that increasing interest rates will have an opposite effect on the gold price, which in a way makes sense. Higher interest rates attract funds away from non-interest producing assets, however, historically this has not been the case.
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