Gold's trend is up, below the 18 day moving average and below the 100 and 200 day moving averages. $1,794.30 is the upside price to break to get gold back above $1,800..
The US government and central bank still refuse to abandon their vile fiat money system and replace it with gold. So, rampant debt growth, corruption, and loss of citizen freedom continues.
And, now, as we look towards 2022, I am expecting another 15-20% rally after we complete the 4th wave pullback. Thereafter, the market will become much more complicated and treacherous.
A top Swiss gold trader is targeting industrial clients as banks back away from the precious metals business. MKS PAMP Group said it was merging its refining and trading operations.
Stock markets fell for the third successive week. Are we poised for an uncustomary bad December? Bitcoin was pummeled over the weekend. Gold still struggling but it was one of the bright spots..
Gold's trend now is up, but it must hold $1,758.50. We are in a battle ground area, so to get into the bullish position, gold needs to get above $1,789.90 by the end of the week.
