In last four days, action in gold market resemble much in equity market 'run in past 4 months. A drop induced short, then pump and squeeze. No dobut this pattern shows new money come into long side. The implication is that gold is about breakout overhead resistance zone from 970-1025. and have a potential go much higher. And what is implication of over 1000 gold? A greater global inflationary boom bust cycle driven by dollar carry trade?
No comments:
Post a Comment