Not much to say about Pitchstone’s chart. Uptrend lines are holding, and it’s still well above it’s 50 day moving average. The MACD is improving, so I don’t anticipate much more of a pullback from these levels.
Practical Investment Commentary - No Hype
Today's Poll:
What will the price of gold be on December 31, 2016?
- $1,201 to $1,300 (35%, 8 Votes)
- $1,101 to $1,200 (17%, 4 Votes)
- $801 to $900 (13%, 3 Votes)
- $1,001 to $1,100 (13%, 3 Votes)
- New Record High for Gold in 2016 (9%, 2 Votes)
- $901 to $1,000 (4%, 1 Votes)
- $1,301 to $1,400 (4%, 1 Votes)
- Under $800 (4%, 1 Votes)
- $1,401 to $1,500 (0%, 0 Votes)
- $1,501 to $1,700 (0%, 0 Votes)
- $1,701 to $1,920 (0%, 0 Votes)
Total Voters: 23
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