The bull run of the gold price in nov dec 2019 was due to the highly overprices stockmarket. Anticipating of a sell-off of the stockmarket was inevitable (macro-economic figures are coming out now).. For example: the PMI index dropped to a low of 2015. Yes.. nasty things to come..
Some reasons for the gold prices to surge in nov/ dec 2019:
* Highly overpriced stock market * Very low interest rates * Very high credit exposure in the consumer market (3 times higher than in the last recession) * Dangerously inflation * Housing market at top pricing level * Marco economic data pointing to recession (PMI/ GDP)
The Coronavirus just gave it the push it was waiting for (stockmarket can fall of a cliff with exposure downwards between 15-20%)
If/ when the Coronavirus takes much longer, the market and the economies will suffer harder and longer. (stockmarket can fall of a cliff with exposure downwards between 30-40%)
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