| Online: | |
| Visits: | |
| Stories: |
Gold Prices up 2% Yesterday and Just 4.6% Left to Eliminate the Losses of 2015 and Turn Positive for the Year
by Peter Cooper
Arabian Money
The gold market is turning around right before our eyes and still hardly anybody seems to be paying much attention, while stocks markets wither on the vine and the US economic outlook weakens by the day. Gold prices were up more than two per cent on Wednesday and it will only take a couple more days of this type of performance to eliminate all the losses of 2015.
From that point the chances of a decent rally up to $1,300 and beyond are high. Any cyclical trader will see that the bottom in the gold price in early August is now confirmed and that the only way is up as everything else comes down, except perhaps for the moment bond prices.
Goldbugs’ revenge
Wall Street stock market bulls are now almost as scarce as goldbugs in early August. Sure the Fed’s decision not to raise interest rates stopped an immediate market crash.
Continue Reading at ArabianMoney.net…
Source: http://financialsurvivalnetwork.com/2015/10/gold-prices-up-2-yesterday-and-just-4-6-left-to-eliminate-the-losses-of-2015-and-turn-positive-for-the-year/?utm_source=rss&utm_medium=rss&utm_campaign=gold-prices-up-2-yesterday-and-just-4-6-left-to-el
