Gold: Onward and Upward, Plus a Break of This Level Will Cause Gold Bears to Throw in the Towel

from King World News

After another wild day of trading in global markets where bonds soared and stocks plunged, gold is heading onward and upward, plus a break of this key level will cause gold bears to throw in the towel.

A Break Of This Level And Gold Bears Will Throw In The Towel

March 5 (King World News) – Peter Schiff: “Gold is only down about 1% from the $1,690 high that it hit on Feb. 24th. In contrast since then the GDX and GDXJ are down about 7% and 12% respectively. Once gold breaks through $1,700 I think the gold bears will throw in the towel and gold stocks will finally catch a bid.”

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