Commodity Trade Mantra

Posts Tagged ‘Gold Sellers’

Here's why I believe Gold Prices won’t just get Slammed Big-Time Again

All signs point to higher gold prices in the months ahead. I look for a powerful surge toward $1,400 by the end of this year based on Fed ease, geopolitical tensions and a weaker dollar. The gold rally that began on Dec. 15, 2016, looks like one that will finally break the bear pattern of lower highs and lower lows and turn it into the bullish pattern of higher highs and higher lows.

All Signs Point to Higher Gold Prices in the Months Ahead

Is the latest rally in gold prices for real? There’s an important distinction between the 2011-2015 price action and what’s going on now. The rally in gold prices that began on December 15, 2016 looks like the one that will finally break the bear pattern of lower highs and lower lows, and turn it into the bullish pattern of higher highs and higher lows, having posted a “golden cross” last week.

India - A Critical Consumer Is Buying Gold For The First Time In 3 Weeks

The good news for the bullion market is that India will now be buying gold again — for the first time since February. That should give a lift to gold prices — especially with reports suggesting there is a lot of “pent up” demand here after the 19-day strike. Watch for imports into India to rise for the coming weeks, and potentially lift the gold price. Here’s to a triumphant return.

The Gold Bull Begins to Stir - Thanks to the Weakening Economy & Drastic Measures

I expect that the U.S. and other major economies will perform poorly for several years to come, with recession or near-recession business conditions forcing the Fed and other leading central banks to pursue reflationary monetary policies and low interest rates – a bullish long-term mix for gold that promises stagflation and much higher prices for gold later in the decade.

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