Gold, Copper, Commodities Near HUGE Support
Gold’s long term chart shows how close we are to reaching secular support, going back several decades. As old resistance becomes support, we expect the peaks of 1980 (850 USD/oz) and 2008 (1030 USD/oz) will provide HUGE support. Moreover, the psychological level...
What Is The Gold vs Debt Correlation Suggesting?
It is widely assumed that gold and debt have a strong positive correlation. The more debt is created, the lower the value of currencies, the higher the value of gold. That’s the rationale. In recent years, many (gold minded) investors have suggested that gold...
Watch Out: Silver Will Test Its Lows
We see a bearish evolution in precious metals. It is evidenced mostly by the price action in silver, combined with the COT report in the silver futures market COMEX. First and foremost, our key indicator when it comes to the short and medium term outlook for precious...