
MacroVoices #256 Russell Napier: Prepare for Secular Inflation
Macro Voices
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Is the 200 Day Moving Average Going to Help Gold?
Gold has been flat lining since January and really not willing to commit to a move. Gold is definitely being held back, at least in part by a temporary increase in real yields. The longer we stay below the 200 day moving average, the more risk there is of a significant move to the downside. So I still couldn't possibly be more long-term bullish.
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