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.
