econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 15 June 2017

Gold's Boring Consolidation

Written by , Rick's Picks

Gold’s ups and downs have grown increasingly tiresome, largely because the rallies are so disappointing and the setbacks so punitive. But look at the bright side: If bullion can hold its own at a time when institutional investors continue to shun it, just think how well it’s going to perform when the portfolio managers finally get their heads out of their butts.

goldbull31


Please share this article - Go to very top of page, right hand side for social media buttons.


Meanwhile, take a look at the chart below) in order to put the piddling decline of the last two weeks in proper perspective. It began from exactly where it should have - i.e., a major midpoint Hidden Pivot resistance - and the weakness since has not retraced even half of the run-up from the May 9 low. The visual picture suggests a boring but essential consolidation within a much larger, bullish pattern.

Click for large image.

The futures would become a ‘mechanical’ buy for the third time since March if they were to fall to the green line, but if you did so on the initial signal, you have nothing to worry about. Your stop-loss is at 1133,20, and your price objective is 1464.80.


If you are not a subscriber, click here for a free two-week trial that will allow you not only to view the tout, but to enter the Rick’s Picks chat room, where great traders from around the world gather 24/7.


>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical Metals Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Precious Metals








search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved