Gold Ready to Rumble

Published by Nick Laird | Jul 30, 2017 | Articles


With the COTs having cleared in the PMs & goldstocks poised to move higher it looks like it is time for gold to move up & break the 6 year downtrend line & move solidly away from it.
 
A move up through 1300 will lead to gold putting on a few hundred more ending the year in a strong uptrend with the bear finally well clear & behind us.
 
This move up in gold will coincide with the global sharemarkets bull run coming to an end & we will see risk averse funds head to gold which will give it more ommph.
 
2018-2019 should see large rises in the PMs as the financial system gets shaken.
 


Reproduction, in whole or in part, is authorized as long as it includes a link back to the original source.


Nick Laird  Chartist / Member of the Goldbroker.com Editorial Team

   

My articles


See our selection of gold and silver bullion

Shop Now