Why Gold's Surge Beckons Caution

Source: Rick Ackerman Published on Wednesday, August 30 2017
Related articles and keywords:   Crisis - Election - End - Free - Futures - Georgia - Gold - I-min. - Japan - K Street - Market - Money - Panic - Prices - Reasons - Stocks - Target - Traders - Wall Street - World
With a sharp lurch higher, December Gold has broken above the 1301.20 resistance I’d flagged as crucial to the intermediate-to-long-term outlook.  The rally is encouraging, but we should remain cautious for two reasons. For one, the move was catalyzed by news that Kim Jong Un-sane had fired a missile over Japan. As someone pointed out in the Rick’s Picks chat room on Tuesday, however, traders who have faded market moves caused by seemingly shocking news have only made money.  Indeed, every geopo
To view this article Click here.
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.