When you look at the bar chart, you see that gold has run away this week. When it corrects, look out. It will be a big correction that will come fast and out of nowhere. The correction probably won't last long, but it will be nasty.
In response to tariff tax attacks launched by the US government “cowboys”, the Chinese central bank (PBOC) may or may not increase its tiny monthly gold purchases.
It looks like we are still in the early stages of what should prove to be an epochal bull market for the Precious Metals sector, that could dwarf all previous ones.
We have updated our internal wave count within wave 3, as shown on our Weekly Silver Chart. We completed wave i at 29.91 and wave ii at 18.01 and we are now continuing to move higher...
Aggressive Chinese futures traders on the Shanghai Futures Exchange are helping to fuel gold’s increasingly explosive rally—and it’s only just beginning. Who knows how many Chinese corporations will jump into the frenzy next?
Given price’s present momentum, 3400 from here (+4.5%) seems a mere stone’s throw, barring it suddenly going all wrong for Gold. That stated, the tug-of-war continues between Gold being technically near-term overbought vs. fundamentally broad-term undervalued.
