Wednesday, January 10, 2018

Two day correction in gold price appears to be over according to new analysis

Over the weekend a few analysts in the alternative media forecasted that a correction was coming to the gold markets after 10 straight days of higher prices.  And sure enough beginning on Monday, the price did retract around $10 over the next two days.

However in overnight trading in Asia on Jan. 10, the price not only recovered its correctional losses from the previous two days of trading, but it topped out at a new four month high, through which some analysts are signalling that prices should continue to move upward from the bullish trend.

Precious metals seem to have bottomed. We should see rising prices over the next month or so. 
Long term sentiment is neutral. No need to take profits. 
Miners and silver should now begin again to outperform gold. – Seeking Alpha


Post a Comment