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Home>Coins dealers headline>James Rickards: Gold’s “Decisive Turn Around” – “Next Stop Is $1,300 Or Higher”

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James Rickards: Gold’s “Decisive Turn Around” – “Next Stop Is $1,300 Or Higher”

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USA Gold

Published : May 22nd, 2017

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	MarketOracle/James Rickards/05-22-17 On May 10, gold launched a decisive turnaround from its most recent decline. This kept intact the pattern I’ve been writing about for weeks of “higher highs, and higher lows” as every retreat finds a footing higher than the one before and each new high reaches new, higher ground. …Each time gold retreated from those highs, it found a new bottom at a higher price than the time before. The recent low was $1,218/oz on May 10. In this new spike, gold has now rallied to $1,251 as of early Friday. If this pattern holds, the next stop is $1,300 or higher.

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