Saturday, March 16, 2019

Gold: Is this it now?

How many times have the experts tell us that gold was about to start a bull run? I lost count. They are telling us again. We expect that the average Investor is scared out of his or her wits to jump in so maybe this time......

Gold is doing a cup and handle formation:


The gold miners' index has already completed the cup and handle:


NOTE. The fifty day moving average has crossed the 200 day moving average for both gold and the gold miners' index. Both are indicated to be in a bull market. The depth of the cup for gold indicates an interim top around 1520.  Does this mean that the BIS and the FED are not going to squelch a rise in gold prices? No! The experts say that now they can not. The smart money has already bought a lot of gold stock.

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