While oil looks to be putting in a major top, there are growing signs that gold is putting in a bottom and is setting up for a rally into financial year end. While it’s too early to call this move and we need to see a break up through $US1764m as confirmation, the pullback in the $US last week and consolidation in yields despite net positive news flow are both bullish indicators for gold, after what’s clearly been a tough period for the precious metal. To view a bullish thesis on gold, click here to watch a recent video update from gold bull Peter O’Connor.
MM is bullish Gold
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