Gold, its rally and its upside target
While it could be the case that gold keeps on rallying even up to $4,150, miners might move up by relatively little.
Posts by Przemysław Radomski - Sunshine Profits:
Gold, silver and miners haven’t declined despite USD’s bottom – yet
Gold and miners can top literally any day now.
Gold already reversed – it’s miners’ turn
Gold price reversed in a quite clear way after reaching its rising resistance line.
Even more headlines for gold!
Very important employment numbers are going to be released tomorrow, and they could trigger a reversal in the precious metals market.
How long can miners’ be this strong?
Right now, it’s more difficult to pinpoint the exact day when miners’ ‘strength’ started, as the USD Index is not in a clear uptrend.
Gold? Silver stocks? Which is the first domino to fall?
All in all, it seems that the precious metals market is about to get the spark triggering its decline any day now.
The silver–copper connection and the key anniversary
For the silver rally, two factors are in play at this time.
USD’s powerful signal, platinum’s critical situation, and gold
While the price of gold is declining, the USD Index just flashed a major buy signal despite the overwhelmingly negative sentiment.
Soaring platinum’s loud signal
The rally in platinum that got heads turning.
What happens to gold if the USDX keeps “bottoming”?
The current indication is bullish – the back-and-forth in the USDX triggers gains in the miners, which are strong relative to gold.
The tiny breakdown in silver could lead to big moves
Silver price broke below its rising support line based on the April and May lows, and it looks like the breakout will hold this time.
“Buy America”, keep gold as insurance, and…
The “sell America” trade is getting a lot of attention these days, but it seems that enough is enough.