Gold appears, finally, to be breaking out. I’ve noted certain technical details concerning this below, but without getting too deeply immersed in them, I’ll say that the longer-term charts are now projecting upside to at least 1474, about $117 above the current price. It will take a little more than that, however — specifically, a print at 1514.40, basis the December Comex contract – to rock bears (and bullion bankers, who love to short the stuff) back on their heels, but at least the good guys can now dream about this without seeming pathetic.
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Tuesday, November 28, 2017
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