…Exactly Where We Would Expect It To:
No Commentary Needed…
Nervous gold bugs have seen the metal decline in price from a recent high just under $1300 to the low $1240s – we expect price to turn to the upside very soon and start to pressure a number of resistances.
We hear endlessly from articles on goldbug websites and message boards about China and the ascendant East gathering up all the gold that they can find from the declining West.
Has anyone actually stopped to see what gold looks like in terms of the Chinese Yuan?
Forex Analytics examines the rapidly deteriorating chart conditions for silver…
So which way is gold going to break?
Are the Pitchfork Lines Aligned For Gold and Silver?
Can Gold & Silver Continue Clinging to Support After the FOMC?
This Live Webinar covers all the recent Gold and Silver action as well as looking at the Dow, ES and Currencies. If you never liked Technical Analysis due to cartel manipulation of the metals, maybe you should take another look…..
The previous time that the 50 Week MA broke UPWARDS in Gold was in 2002 and price then ran from $290 to the all-time high of $1923.
This indicator has just broken upwards again…