Gold Bulls Bounce Back, Suggesting More Upside

From kitco.com

Gold prices are solidly higher in midday U.S. trading Wednesday, with prices coming close to taking out the recent six-year high. Gold is seeing some renewed safe-haven demand, fresh chart-based buying and support coming from ongoing notions of easier central bank monetary policies. August gold futures were last up $12.00 an ounce at $1,419.90. September Comex silver prices were last up $0.097 at $15.335 an ounce. This week’s rebound in gold prices puts the bulls back in good shape on the charts, suggesting still more upside in the near term. Many U.S. markets closed early today and all will be close on Thursday, ... (full story)