Gold asserting strong uptrend

22 feb 2020

Gold in Euro up strongly after prev weeks of breakout. A signal that equities are in danger triggered by prolonged supply chain disruption due to Covid-19. Governments around the world have already announced commitment to support local industries affected. Never done before actual damage was assessed, meaning that the impact to economies will be fairly large. Estimated duration of 2 quarters. Trading volumes steady, suggesting continued buying.