The futures look a lot stronger than GLD, although GLD does look pretty good, I just can't say it's ready right here, it's in the right spot, but may need a little more consolidation time before it becomes a really high probability long position.
I personally would probably wait until the edge is much clearer, or you could always consider a partial position as long as you don't get robbed in AH.
With worldwide currency destruction, demand for gold should rise if the currency wars continue.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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