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.

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