On the long-term weekly chart for gold, there is no significant volatility or price action of concern, but gold is not in a significant buy zone either, let alone one for silver and the miners.across the metals board
Successful investing in all major markets requires substantial investor patience. That patience gets put to the test when the news changes dramatically and the daily chart action gets wild.It’s important for investors to have fiat cash placed with a metals dealer or broker in advance of a price sale into a zone to buy more gold. The same applies to silver and the miners.
They get left behind, emotionally demoralized, predicting lower prices, and failing to buy… while the major banks and most citizens of China and India eagerly gobble up all the gold! In India, the import duty has been chopped dramatically and the nation’s GDP growth is strong. The current gold price sale will be bought aggressively by millions of citizens there, who I long ago dubbed the world’s mightiest “Depending on what inflation is doing, falling US rates can be either a tailwind or a headwind for gold. Currently, inflation has been fading and rates look set to fall away from the neckline of a loose but large H&S top pattern.
Note the Stochastics oscillator action at the bottom of the chart. It’s getting closer to the oversold zone and GDX is a bit ahead of gold in that regard.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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