Why You Should View Gold As 'Garbage'
Written by Rick Ackerman, Rick’s Picks
December Gold has trapped bulls with fake rallies two days in a row. It dove even more steeply on Friday, the second day, falling from a 1213.80 peak recorded in the dead of night to an end-of-session low at 1197.80. This kind of price action is bound to discourage bulls, and it could only occur if too many of them are too eager to jump on the futures every time they show a spark of life.
Source: http://econintersect.com/pages/metals/metals.php?post=201809190102
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