Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Gold Won't 'Hibernate' For Much Longer
Bloomberg-Kitco "Gold bulls will not be locked up for much longer as gold's hibernation is likely to come to an end soon, said Bloomberg Intelligence (BI), noting the metal’s divergent strength in Q1. 'The primary diversifier, gold, at the bottom of the performers, is more likely to move higher, notably if the dollar doesn't. Unchanged gold is showing divergent strength vs. the primary recovery driver in 4Q - increasing stock market volatility - which has plunged in 2019,' BI's senior commodity strategist Mike McGlone said in the May's edition of Commodity Outlook. Gold bulls have been restrained this year due to lower U.S. stock market volatility and higher U.S. dollar, McGlone pointed out, adding that those factors are unlikely to last....One of the key drivers for gold in Q2 will be increased stock market volatility, which has hit a bottom and is most likely to go up from here, according to BI."
