Too, with the FinMedia having of late actually giving notice to Gold, precious metals reports these days are richly ripe with hype. Moreover, recall what happened the last time Gold graphically caught up to its Dollar debasement value...
We have updated our long-term count, starting form the low of 35.20 made back in 1970. Gold is general moving in a multi-decade incomplete impulsive fashion.
Despite the high chances of an imminent gold-stock selloff, miners’ fantastic fundamentals support bigger gains to come. Any gold-stock selloff is a good mid-bull buying opportunity.
Ira Epstein discusses the current state of the metals market, highlighting concerns about gold's loss of upside momentum despite a recent price increase.
Gold now likely enters the “blowoff” phase of the inversion. Investors need to be prepared for prices as high as $5000 before this fantastic move against vile fiat gets a needed pause.
When you look at the gold market, it's come up $98 for the week. That's pretty important. You're looking at a market that's got a lower low, higher high.
