Gold, Silver, & Main Street Inflation

by Stewart Thomson

  1. Historically, gold tends to do well ahead of US elections and after the Chinese “Golden Week” holiday.
  2. Both these events are currently in play.
  3. Please click here now. Double-click to enlarge this important weekly gold chart.
  4. The low at about $1875 is light support and so it’s a small buying area for investors. The $1788 zone is a large buying area.
  5. Note the 14,5,5 series Stochastics oscillator at the bottom of the chart. It’s in the 50 area which is where momentum-oriented moves can occur.

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