Wednesday Markets | "Gold to $2,200"
FWIW: We don't go for hyperbole nonsense.. He rarely talks like this.
Housekeeping: Due to growing time (50 hrs/wk), new research costs, and value we believe it helps create, prices cannot continue at this level much longer. Trading Tip: If you like GoldFix, lock it in soon pls. :)
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Good Morning: The dollar is down 14. Stocks are thin and choppy. Gold is around unchanged and Silver is up some. Oil has reasserted its strength today up $1.20 but it is hard to tell why. Grains are also up and Crypto is down. This may be a slight increase in Ukraine tensions, but the dollar should be up if that were true. Sometimes you are better off not having an opinion and just watching. Retail sales today, and a quick take on what Putin really wants
Tuesday we also did a Ukraine Midday update for our longtime friends at Zerohedge yesterday.
Have a good one
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Today’s premium content is based on comments by legendary retired and low profile technician Leon Tuey. If you are a metals trader or invest in mining stocks and use charts in your approach… then this report is for you. We have his equity report saved for Sunday.
We are well aware some feel headlines like ours today can be bad luck. His outlook is medium term, that is 6 months to a year. And he doesn’t write stuff like this very often at all
A Valentine Present for the Goldbugs
Clearly, Gold has broken out of an 18-month consolidation pattern [GoldFix- Leon uses OBV for that] The breakout is not surprising as gold has been under accumulation.
The recent breakout calls for an intermediate target of $2200.00 plus, but long-term…