The beginning of the month I wrote an article called Gold Bottom? Gold Bottom? – Current Thoughts for 5/1/2018 I wrote in that article; “we may still have one smaller move below $1,300 to possibly $1,280.” We got down to a closing low of 1288.30 on 5/18 and an intraday low of 1282.27 on 5/21. There should be no …
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25
2017
Is Gold Ready To Break $1,300? How About $1,400?
By: Doug Eberhardt
Category: Gold
Tags: 1300, 1400, contraction, credit, deflationary, fed, Gold, higher, metals, miners, trap, USD/JPY
I had been writing in the last couple weeks that we would be turning the corner higher in metals after the Fed and for this week we did move higher in metals and miners. This should continue but there are still some bumps in the rode unless we get gold over 1260 and silver over 16.80 and preferably 17. We …
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