Friday, April 25, 2014
IS GOLD GOING UP YET?: here's what you need to know
Here's gold's chart:
Ha ha. Nice try. Gold's only popped back up to its short-term EMA, and it's done so on supposed escalation of the Ukraine conflict (again) and a slightly unimpressive US jobs report.
This is not a very convincing chart.
And the fundamentals for gold right now, by the way, are also not convincing.
I'll be convinced when GLD rockets through $130 on volume. Til then this isn't even tradeable.