Monday, July 24, 2017 7:48:43 PM
Hopefully we can hover around $1250 for a few days to build a base to blast through the $1300 level. I think the speculators will pile into gold if we break and hold $1300. They were at extremely low levels of holding contracts on the COMEX commitment of traders report (last week was the lowest by far of the entire year).
The big descending trend-line, (both from 2011 top and the 2015 tops) is right below this level. The macro economic conditions are also looking good for gold and bad for the US dollar and stocks...
COT reports: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133203436
The big descending trend-line, (both from 2011 top and the 2015 tops) is right below this level. The macro economic conditions are also looking good for gold and bad for the US dollar and stocks...
COT reports: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133203436
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