from King World News
On
the heels of continued pressure in the metals markets, today one
analyst out of Europe asks the question: Could the price of gold really
spike 70 percent in the next 90 days? This is the type of thing that the
big banks follow closely, as well as big money and savvy professionals.
David P. out of Europe sent us the three key charts along with his
commentary.
David P. out of Europe: “Because of the recent strength in the price of gold, the MACD has finally turned to a buy signal in the weekly chart for first time since the bear market started back in 2011. See the long-term chart with MACD below:
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