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Animal Spirits Are Percolating In The Gold Market
investmentresearchdynamics.com / Dave Kranzler /
The use of the term “animal spirits” is most commonly attributed to John Maynard Keynes. But it originates from the Latin term, “spiritus animales” in reference to the spirit that drives human thought, feeling and action. We saw animal spirits at work in gold and silver on Tuesday this past week when the Dow dropped 237 points and gold quickly popped up $16. Silver jumped 72 cents, much to Wall Street’s surprise, on March 16th after the FOMC issued its latest monetary policy statement despite an assurance that the Fed would raise rates three more times this year.
At some point the paper control of the gold market is going to fall prey to animal spirits. I think the reaction of the metals after the FOMC policy release and when the Dow plunged are evidence that “animal spirits” are percolating in the precious metals market. (Excerpt from yesterday’s issue of the Mining Stock Journal)
The post Animal Spirits Are Percolating In The Gold Market appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/24/animal-spirits-are-percolating-in-the-gold-market/
