-
Gold: Fighting the Highs
Gold markets rallied rather significantly in the early hours on Wednesday, but as soon as futures traders came on, they got hammered again. So, at this point, I think we're just going to continue to try to grind higher, but it's not going to be very easy. Ultimately, this is a market that I think, given enough time, probably breaks out above the shooting star from last week, and once it does, it really could start to take off. At that point, I would expect gold to go looking to the $2,500 level. The central banks around the world continue to buy gold. So that of course, provides a little bit of support. But at the ... (full story)