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Full Speed Ahead for Gold, But the Profit-take Level is Near
In short, everything that I wrote yesterday and on Monday remains up-to-date. Gold is rallying regardless of what’s happening in other markets, and while there are signs of a top, gold appears to simply not care about them at the moment. We see, however, much stronger sell signs from silver and from the mining stocks than we did previously, so it seems that either the top is in or about to be in. The latter seems more likely, especially that given gold’s strong sentiment and momentum it can reach my profit-take levels any day now. There’s also one thing that connects most (all?) recent “anomalies”, but ... (full story)