Wednesday, February 21, 2018

Gold acting well but unclear if in a Bull market

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"I would say it’s a bullish market for gold...I wouldn’t go on a limb and say it’s a bull market. Spot gold getting upward through $1,328-$1,330 [an ounce] would be impressive, we’ll see if it can do that. Right now, it seems to want to do that. Gold made its low in late 2015 and we have not made new lows and new highs, which is a bit disconcerting."