With all the feckless money printing Gold is already up 40% against the GBP this year, my personal crop of mining stocks is up 78%, Golds going to go to the moon (and Silver) and unlike funny money you can't print it at will so, get some fast as the real stuff is starting to be in very short supply... the bars coming out of Switzerland to the melt are dated from the 1980's and look like they have come from the back of the vaults ....
Gold – Moving Average Bands Offer Direction Clues
Gold has been back in the spotlight as of late, with the prospect of a Fed rate hike this year capping gains in the precious metal and threatening to push it back below the $1,300 level for the first time since June. A month ago Gold was trading at just below $1,370 before falling more than 4.5% where it ran into support around $1,300, where the 89-day simple moving average intersects a prior level of support and resistance. It then found some reprieve on Friday when the US jobs report cast further doubt on whether the central bank will raise interest rates at its next meeting this month. It now finds itself trading ... (full story)