These Gold Charts Will Make Your Heart Beat Faster
February 14, 2014
By Frank Holmes, CEO and Chief Investment Officer, U.S. Global Investors
Gold lovers’ hearts are beating faster this week, as the metal rose above $1,300 an ounce for the first time since November. The precious metal also climbed above its 200-day moving average, which hasn’t happened in about a year.
ISI’s John Mendelson noted earlier this week that the generic gold future “rallied off its mid-December low and has decisively broken out above its downtrend line connecting the descending tops from late August, a near-term positive.” The next price he’s targeting is $1,350, the price gold was at in late October..
Link: http://www.usfunds.com/investor-library/investor-alert/these-gold-charts-will-make-your-heart-beat-faster/#.UwD1h9Ph7nd
Quelle: usfunds.com
Quelle: usfunds.com
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