Loading ...But on TV the other day, they said “nobody saw this coming”. So I guess I’m Nobody. You can’t rely on charts anymore. You have to know what the central planners are doing.
Deflation implies TPTB don’t know what the f-hell they are doing and big money people banks and gov’ts go to gold. NOT futures contracts unless they want delivery. Playing the futures market is like a carnival game. You really can’t win and are being used like a shock absorber.
Parts Below:
Gold futures settled higher Thursday, scoring their best quarterly performance since 1986—a year when “Top Gun” was the most popular movie.
Bullion has benefited as the Federal Reserve’s dovish stance on policy has softened the highflying U.S. dollar.
Technically, the metal “has started a new bull market in [the U.S. dollar] and is now catching up to the bull market” which was started nearly two years ago, Sebag said.
Meanwhile, Roy Sebag, chief executive officer of GoldMoney, told MarketWatch that gold prices have been climbing strongly not just in U.S. dollars, but in other currencies as well.
“Though it’s been only three months, gold is now up between 13% [and] 23% in the world’s major currencies, making one of the strongest movements in gold since it was demonetized in 1971,” he said.
More:
http://www.marketwatch.com/story/gold-headed-for-best-quarter-in-nearly-30-years-2016-03-31