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12-3–Clive Maund gold report-bullish!

Posted by Richard640 @ 16:16 on December 3, 2014  

Gold Market Update

Clive Maund—December 3, 2014

Yesterday was an extraordinary day in the Precious Metals markets, with a good chance that it signals the reversal from the brutal 3-year plus bearmarket that so many have waited so long to see. The day started with gold and silver plunging on the news that the Swiss voted against backing their currency with gold, but later in the day they rallied strongly on heavy turnover to close with giant reversal candlesticks on their charts. Regardless of the reasons for this bizarre behavior, technically this action looks very positive, and this is written with the awareness that gold has reacted back this morning on dollar strength.

http://www.gold-eagle.com/article/gold-market-update-182

 

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.