Gonzalo Lira: Why Isn’t Gold Higher?
Having spent nearly 20yrs. on the street, & using a fair amount of technical assistance, I'd say a double top formation would explain this narrow range stall in gold for now. I know of other techies buying the low end of the range or selling the high end (which has worked as well, $$ wise.)
I'm positive that some of the paper gold around is fake too. As for all bars of gold not being 99.9% pure, makes perfect sense to me. Spend some time in commodity pits, that's an education in of itself.
A belated Happy New Year to all:
Sagenot!
