Like Goldilocks, Gold May Surprise the Bears

Submitted by Morris Hubbartt:

Note how oversold gold is, compared to the euro.  A strong buy signal for gold is now in play, and the last time one like this occurred, gold doubled in price, over the next three years.    I don’t want to be predicting pies in the sky, but any rational investor can see that buying some gold here against the euro is a reasonable course of action!

Silver is one of my favorite assets to purchase on weakness, for long term capital gains. Today’s prices offer a great opportunity to do that, but remember that silver is far more volatile than gold.  Note how drastically oversold RSI and the slow Stokes are.  These powerful indicators suggest that investors who endure the pain caused by the FOMC minutes, could soon be greatly rewarded!

[Read more...]