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David White is a
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Great article. Lots of good info. Phillip Davis brought up a point today that I thought was significant. If you look at gold in world currency terms, gold still has another 5% up to go in USD terms to reach the European highs of the year (taking into account the relative currency valuation changes). At that point Phil thought that gold might form a double top. Since we also have the USD carry trade which may turn around soon, this seems like a probably valid scenario. If the USD carry trade reverses, it should push gold prices down in USD terms.
Nov 06 14:16 pm
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All Comments by David White »Gold Juniors Poised for Historic Bull Run [View article]