Gold’s a touchy subject in the blogosphere. I have nothing against stacking. Holding some of the shiny metal — whether for fun, inflation protection or the coming zombie apocalypse — probably makes sense.
Most serious gold bugs will tell you that the futures and ETFs are not the real thing. I get it. But, it’s the GC futures we concern ourselves with, here. With that said…
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updated: Sep 6, 2017
As we pointed out in June, 1348.60 is a key price level, as it represents 2 channel lines and the .886 retracement of the plunge from 1377 in July 2016…If GC is able to remain atop its SMA10/20 for the ride up to 1348.60, by all means ride along.
We’ll take a quick look at what to expect next.
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