Gold’s “Medical” Prognosis

The Market Gage - Dillon Gage's Precious Metals Newsletter

So far this year, speculative demand in the ETF arena along with central bank purchasing of gold has driven gold up from the lows in December of $1,046 to where we are trading today in the $1,340 area.

Those investors who had insight and bought on the lows are a very happy group, but the question remains now, where do we go from here? Some gold market watchers have reported seeing gold in a hospital emergency room in cardiac arrest.

The doctors have called for any member of the FOMC Committee to perform CPR, but no one at the FED could find a GPS device to locate the hospital. So the doctors have requested the electronic inflation pads to shock Gold, but it seems the available voltage is too low to make an impact. Meanwhile, the chants from all the metal dealers outside the hospital yelling “don’t let her die, don’t let her die,” have reached the ears of the doctors in the ER.

Oh look, it’s Donald Trump and Hillary Clinton arriving at the hospital.

I feel better already, I’m sure one of them can help gold recover. No, no, let’s not debate on what course of action to take. Look at those two who can’t agree on anything. The Doctor has determined to keep gold alive they will have to put her on life support ’til November.

Have a wonderful Friday.

Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.