Sep 7, 2017

The Gold Market Gold Continues to Move Higher

The gold market gold continues to move higher ever since breaking out about $1,300. The price of gold is now above $1340 so we've tacked out another 40 dollars. 

I don't think the shorts have covered yet. I think they're still holding and hoping I don't think we've had the long's getting too excited about this breakout above $1,300 it may need $1,400 we need to move up a whole new handle before we really get the big short covering. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))