In a demonstration of what we have referred to as the Lifeboat Trade, gold rallied to $2026 today as two more regional banks came under pressure. The Sprott Physical Gold Trust (PHYS) posted a very strong pocket pivot move today as a result. The 20-dema serves as a tight selling guide. Silver also had a strong move as it correlated to gold despite the fact that PHYS' cousin, the Sprott Physical Silver Trust (PSLV), did not post a pocket pivot.
Pocket Pivot Review - Sprott Physical Gold Trust (PHYS) 5/2/23
|Published:||2 May 2023 16:20 ET|
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