Silver and copper moving into new, higher prices zones warns that something is changing rapidly.
Author: Tom Luongo
No one is looking at the other side of the equation: China. Why wouldn’t China keep pressuring its position in Hong Kong and force the moment to its crisis point?
If gold has decoupled from the dollar, then that quarterly close is telling us the secular bull market has returned for real even though gold is still trading more than $100 below its all-time high.
What I’m seeing right now is the potential for a short-term gold sell-off that puts a lot of bears on the wrong side of the trade, thinking the dollar is toast.
Low-volatility, inside bars on the weekly chart of gold usually imply something big is brewing. The price to watch is the close from the week of May 10, $1,743.00.
Sign-up == X190W368
Conquering the Market Starts Here ...
Our experts do the work to make investing safe and profitable for you. Sign up for FREE access to our Money & Markets daily emails and take control of the Markets!
- Protect Your Retirement From Biden’s Tax Plan November 30, 2020
- Zombies Led November’s Rally, and That Should Scare You November 30, 2020
- U.S. Debt Binge Doesn’t Mean Inflation Is Near November 29, 2020