Gold ready to rumble
By GCRU Gold News on Sunday, July 30 2017, 02:59 - Permalink
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.