Member
Posted 18 November 2017 - 03:08 PM
He noted that gold is moving up in many currencies which is what is needed for a real bull market. He wants to see 1300's achieved initially for gold to get moving. Interest rates and dollar were mentioned as key factors for gold. Said that the US tax bill if passed could cause a set back in gold temporarily but he is bullish farther out.
https://globalnews.c...cknw/?gref=cknw
My work is bullish now and I am long Nugt. My chart for those that missed it on another string...
Member
Posted 18 November 2017 - 06:12 PM
Member
Posted 18 November 2017 - 06:45 PM
Why would tax reform cause gold to go down. It has been talked about for so long and is probably already baked into the price .
As he said in the interview a tax reduction deal could boost the dollar and gold could react to that since gold is priced in gold, in theory.
