This hasn't happened in about a year in a half, but gold has made (marginally) a higher-high. We have not yet seen follow-through, but this is typical. The second or third attempt is when we usually get a breakout..
This is a day-trader's delight in this market. Gold above all its moving averages: Bullish. Upper Bollinger Band is $1,874.5 with support around $1,826.60.
Russian armed forces hold training drills on their own border with the Ukraine. These are called normal by the president of the Ukraine, yet American and EU madmen shout hysterical nonsense about an “invasion”.
Everyone has become despondent on gold but the cup and handle pattern in gold is going to produce a huge move once the price can breakout. The conditioning of frustration and disappointment..
Yes, the Federal Reserve is going to raise rates, but gold is going to keep on climbing, as the Fed is behind the curve, and with the long end of the yield curve so low the Fed...
Thinking back over the last 30 years, it's hard to recall a single instance when traders ultimately lost money diving into stocks on 'bad' news. There was a hot mess of it on Friday..
The general sentiment among commodity speculators and commodity traders is that of an overall hyper bullish trend in soft commodities, industrial metals and energies.
