Tuesday, July 11, 2017

Gold might still rally slowly

Crude Oil
"Given the fact that crude has been under some very real pressure over the last month or so, you have to be reasonably impressed that gold has, at least, held its own."

Gold vs Oil
"I hesitate to say there’s any great short-term correlation between the two. On balance, gold whether it is in dollar, euro or yen terms, I think gold wants to move quietly higher."

Gold's price resilience in 2017
“The psychology is overwhelmingly bearish and yet prices are not making new lows, that is worthy of note."


via kitco