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.
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 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
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
Funds are buying gold because they notice the decoupling from the euro and the decoupling from the energy market.
George Gero
There also is a lot of option-related buying because everything is in the money now.
George Gero
They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined.
George Gero
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