Nobody talks about the meaning of the $1087 /oz gold price, but it is a critical price level. The next big moves in gold is being determined at today’s price level. The gold market is testing the significance of $1086.17 /oz. It marks the 50% retracement...
After a long bear market of close to 4 years, it seems that precious metals are preparing a huge breakout. The next chart, courtesy of ShortSideOfLong, provides a valuable way to look at gold, silver and the gold miners (mid-tier and senior miners represented by GDX...