By now you probably already know that I am a long-term gold bull and that I believe gold is forming a major bottom which could push the price much higher in the future. This year the price has steadily been moving higher as expected and suggested many times, but is now in danger of a long liquidation! Continue reading “Gold in danger of a long liquidation!”
More than two and a half months ago I published a post about gold where I discussed that it is not time for gold to shine yet. I was right, gold sold off pretty aggressively but couldn’t continue even though it had every chance to do so. This kind of fake breakouts can lead to even stronger breakouts but usually in the other direction. So, can gold use this opportunity to break out of this 5-6 long bear market and start an epic rally?
In this post let me present what would have to happen in order for gold to become one of the most wanted assets in the world again. Continue reading “Gold, can you use this opportunity?”
Last weak gold was trying to break its famous multi-month long resistance trendline (see below) and many gold bulls/bugs were getting excited. Over a long term I think gold is a great store of value, but in short term I wouldn’t be surprised if it sells off from the current price level. Continue reading “Gold might not be ready to rally just yet”