State street says: “Looking ahead, Milling-Stanley said that the market could recover just as quickly as it sold off. He added that gold prices could climb back to $1,350 by the end of the year, but said that the first hurdle comes in at $1,250 an ounce.” Read full article […]
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So Close, Yet So Far | Cliff Droke Seeking Alpha
From Cliff Drove at Seeking Alpha: “It should also be noted that while the U.S. dollar index (DXY, below) remains below its 50-day moving average. It’s still close enough to the 50-day MA that a recovery back above it could quickly be made. Thus, it may be necessary for the […]
Record Short Position In Gold Is About To Get Wiped Out
Another great article from Cliff Droke at Seeking Alpha. “The last time we saw this record short position in gold was at the end of 2015 before a powerful rally. The record short position is actually now even greater than the end of 2015 and coincides with the tech bubble […]
What Just happened Gold and Silver Set Up To Soar – With Dave Kranzler
Dave Kranzler Talks About Gold And Silver’s Outlook Seeking Alpha: “Contrary to the way it was in 2013/2014[mining companies are still able to raise money right now. However, It’s not really an ideal time to raise money right now. This is because the stock prices have been beaten down so […]
WGC: Technical Fundamental Reasons Support Higher Prices
The World Gold Council “In recent years, a large increase in short positions has been followed by a sharp rally in gold. And while net shorts were more prevalent in previous decades, there have been structural changes. These make the positioning levels different and likely short lived,” Read more >> […]