Tuesday, July 18, 2017

Gold has made its Lows and the bear market in Gold has Ended probably

It is reasonably impressive that gold is trading better even as the grains are weak, but perhaps the real strength is because the dollar is generally…weaker and that shall tend on balance to put a bid into gold, all things being otherwise equal.

We are even more impressed that euro-denominated gold is trading to €1075/oz. and is now trading upward through an important intra-day moving average it has not traded upward through since early June.