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Gold’s Second War

From goldpriceforecast.com

While the geopolitical conflict has been a boon for the yellow metal, the domestic battle supports much lower prices in the months ahead. The PMs are back in style, as market participants have flocked to gold amid the ongoing Middle East conflict. And despite the surprise, we recently closed our GDXJ ETF short position for a profit, as the technicals (covered in our premium Gold Trading Alert) have proven superior over the last several months. Furthermore, with another short opportunity likely on the horizon, the junior miners are making a familiar mistake. Please see below: {chart} To explain, the gold line above ... (full story)

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  • Category: Fundamental Analysis