There's some very short term negatives in gold, negative actually 1 min, other than that, for any equity based gold long, I'd hold tight, there are some very strong signals Gold is coming out of a head fake move and a reversal process to the upside.
In fact, if I had an interest in gold and didn't already have an open position, I'd be looking for any price softness to look at a long position.
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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