Logo Background RSS

Advertisement

Gold Nearing Critical Point Again…

  • Written by Syndicated Publisher No Comments Comments
    December 1, 2014

    The consensus of the 35 intermediate-term technical indicators we use remains on the sell signal for gold.

    112514c

    But gold again became oversold beneath its 20-week m.a. and has been attempting to rally again.

    The oversold condition shows more clearly on the short-term charts.

    The short-term rally attempt has gold back up at the potential resistance at its 50-day m.a.

    112514d

    Will it break through this time? Are the monetary moves by China (cutting interest rates), and the president of the European Central Bank promising aggressive QE bond-buying, both aimed at creating some inflation in their economies, sufficient support for a continuing gold rally?

    Whoops! That’s all the time for free stuff. Have to get on the premium content for subscribers.

    I’ll be back Thursday morning, (Thanksgiving Day in the U.S., but business as usual most everywhere else), at 9:25 a.m.


    To read my weekend newspaper column click here:   Global Economies Will Dictate Rate Hike Timing

    Subscribers to Street Smart Report:

    In addition to the charts and signals in the ‘premium content’ area of this blog, there will be an in-depth Markets (Stocks, Gold, Bonds) tomorrow in your secure area of the Street Smart Report website.

    Images: Flickr (licence attribution)

    About The Author – Sy Harding, Street Smart Report

    Sy Harding publishes the financial website Street Smart Report Online and a free daily Internet blog at Sy’s Free Blog. In 1999 he authored Riding The Bear – How To Prosper In the Coming Bear Market. His latest book is Beat the Market the Easy Way! – Proven Seasonal Strategies Double Market’s Performance!

    It includes our research and analysis on the economy and markets, and provides charts and buy and sell signals on the major market indexes, sectors, bonds, gold, individual stocks and etf’s, including short-sales and ‘inverse’ etf’s.

    It provides two model portfolios as guides. One is based on ourSeasonal Timing Strategy, one on our Market-Timing Strategy.

    In depth updates are provided every Wednesday, with interim ‘hotline’ updates every time we make a trade. An 8-page traditional newsletter Street Smart Report is provided on the website every 3 weeks, in pdf format for viewing or printing out.

    There is the Street Smart School of online technical analysis ‘seminars’,commentaries to keep you ‘street smart’ about Wall Street, and much more. 

    Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditShare on TumblrDigg thisBuffer this pageFlattr the authorEmail this to someonePrint this page

Advertisement

Closed Comments are currently closed.
Real Time Web Analytics