Gold has performed well during the past six months. In fact, it has been performing well for years. It might seem strange that it hasn’t done much in the past few days given the large selloff in the senior markets. This broad market selloff is driving some traders and investors to panic out of positions and/or they may be facing forced liquidation. Either way, gold is susceptible as it is liquid and likely to be sold to raise cash or buying power which is counterbalancing demand as a safe haven. So it has not been performing exactly as I would have hoped, but it is doing its core job of not going down during this recent senior market pullback. I believe precious metal prices are likely to move down in the short term as senior markets bounce, but this is still a bull market for precious metals and I will be looking to add to those positions on such pullbacks.

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