March Report: Precious Metals Technical Analysis
30 March 2022
Huge events since the last report of course with Russia’s invasion of Ukraine generating huge repercussions through a variety of channels, some as yet unknown, but principally via shortages in the energy, certain metals and agricultural space.
Gold traded to within five US dollars of the August 2020 highs before rolling over very rapidly as the initial ‘insurance effect’ diminished, despite justified fears of broad-based inflation and lower real GDP impacting returns in other asset classes. Concerns about stagflation and recession grew…
Warm regards,
Nicholas Frappell,
ABC Bullion
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