GOLDBUGS AMEX Goldbugs Index (GOLD)

[NYBob]

Here Is Why Gold Bulls Should Be Eyeing $1,375 Level

http://www.kitco.com/news/2018-02-25/Here-Is-Why-Gold-Bulls-Should-Be-Eyeing-1-375-Level.html

Many experts are wondering why gold hasn’t broken out yet, especially in light of rising inflation fears, but one analyst says the $1,375 level is what it’s all about.

The key resistance this year has been the $1,375 target, said Matt Maley, equity strategist at Miller Tabak, adding that gold has been testing this level during the last couple of years, but was unable to successfully breach it.

“The $1,375 mark was the metal's highs from both 2016 and 2017, so a break above that line would give gold a technically significant ‘higher high’,” he wrote in a CNBC post published on Friday.

Another aspect of the $1,375 level is that it forms the “top line in ‘an ascending triangle’ pattern.” And if that formation finally breaks on an upside, a very bullish technical momentum will be triggered, Maley said.

“Of course, we always have to wait for an actual break of this key resistance level before we can declare anything. Still, investors should consider that any meaningful break above $1,375 would confirm that the multiyear downtrend has reversed,” he added.

OK what is Fair Value Now?Way higher.

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Gold Prices Are Rising as the Fed Hikes Rates -

https://moneymorning.com/2017/12/15/dont-be-fooled-gold-prices-are-rising-even-as-the-fed-hikes-rates/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+USMoneyMorning+%28Money+Morning%29

Note ....
The gold bull market in the 1970s and 1980s happened
even as the Fed tested record-high interest rates.
The yield on the 30-year Treasury bond rallied sharply
during the late 1970s, eventually topping 15% in 1981.
Gold rallied from about $100 per ounce in 1976
to over $850 per ounce in 1980.

In GOD We Trust -






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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
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