The main logic behind the recent surge in gold prices is de dollarization and risk aversion. I do not believe that Warsh 's appointment as the next chairman of the Federal Reserve can reverse the global trend of de dollarization. Therefore, I still view the decline in gold prices as just a normal adjustment after a sharp rise, and if the drop in gold prices leads to a major adjustment in gold mining stocks, I think it is a buying opportunity.
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- Traderdude1301·02-01 14:02Totally agreed. Also it’s just ridiculous people can even think that Warsh would be appointed by Trump to increase interest rates! Warsh’s agenda has always been to cut interest rates as wellLikeReport