Commodity Trade Mantra

Posts Tagged ‘Chart of Gold’

Stop The Panic Selling In Gold Mining Stocks

Why did gold mining shares crash at the end of 2015? Fear. The selling in gold mining stocks was driven by pure emotion — in other words, panic selling. People watched gold prices tumble, panicked and unloaded their shares of mining stocks out of fear rather than due to any logic or reason. The bear market in gold mining stocks took these companies to ridiculous levels.

Gold Prices Nearing a Secular Support

The long term chart of gold shows that we are very close to secular support, which goes back several decades. Old resistance becomes support, so the 1980 and 2008 peaks will be acting a strong support. Moreover, support coincides with the psychological level of 1,000 USD. In sum, we believe the downside is limited. We have reached huge support areas in 3 leading assets.

Will Gold Win Out Against the US Dollar?

Gold is money, the best store of wealth millennia of human experience have devised, and more and more people are recognizing this. Pretty much everywhere but in the US, gold is up, not down. Of course, there’s a good chance that there’ll be more sell-offs before the gold bull resumes its charge… but they should be regarded as opportunities.

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