The inverted yield curve, which sent the stock market reeling yesterday, made gold one of the few safe havens.
More Quotes from George Gero:
Silver had been less lively than gold (before Wednesday), and now it's doing a pretty good job of a catch-up.George Gero
We continue to climb in spite of the stock-market rise, all helped by the possibility that the Fed may no longer be continuing its raise (in interest rates). We are waiting to see if in fact that will happen.
George Gero
Funds are buying gold because they notice the decoupling from the euro and the decoupling from the energy market.
George Gero
We have a good rally going on because of what's going on in Saudi Arabia. It is Friday and nobody wants to be short the gold over the weekend, so up go all the metals.
George Gero
The large funds are long metals of every class and there's been general selling today, which touched off stop-loss orders below the market.
George Gero
Every time we've had a major pullback, it's been what people would call an opportunity to buy on a dip, You're getting some bargain-hunting in silver and you're getting some bottom-picking in gold.
George Gero
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