If you’re a precious metals fan, GoldMoney’s James Turk is probably a must read for you.
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Four nice charts related to gold and the dollar from GoldMoney.com. No doubt which way the long-term trend is, and I don’t see any catalysts to reverse it on the horizon.
These nice long term log charts from GoldMoney.com help put the current bull market in perspective. Some high level takeaways for me: This is a tough market to play around on the short side of – long only for me It’s important that your entries and exits keep you in the game for these nice […]
It’s a fool’s game to try and pick the exact moment of the turnaround. I prefer to stay on the sidelines right now until the gold correction is through. If you believe it is still a bull market in gold, there will be plenty of money to be made on the next upswing. If gold […]
The long term outlook for gold looks quite promising. First, from Agora Financial’s 5 Min. Forecast: Open interest in NYMEX’s (COMEX) gold futures contracts breached an all-time high of 500,000 this week. Never have so many traders been betting for — or against — gold than right now. So… you might ask… where’s the smart […]
From James Turk, founder of GoldMoney.com: The above chart is presenting a very bullish picture for gold. My upside target for gold this year has been $800. To be honest, I thought we would be there by now, but we’re not thanks to central banks as explained above. But we have reached a state in […]
I am not normally a huge gold bug. I do not own any gold in my futures account, but about a month ago I purchased the ETF GLD for my ROTH IRA. I may be a bit ‘old school’, but watching the Fed try to ‘liquidate’ its way out of the credit crunch really turned […]
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