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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • Silver And Gold LCNS Going Up: Bullish On Precious Metals 0 comments
    Aug 28, 2012 1:30 PM | about stocks: GLD, SLV

    Got Gold Report has put out another report: http://www.youtube.com/watch?v=PjkDiavXLTg

    Interesting to know is that the LCNS for gold is moving upwards again, indicating a higher price for gold (and silver) in the future.

    (click to enlarge)

    Chart 1: Gold LCNS (Got Gold Report)

    Silver is doing even better (Chart 2).

    (click to enlarge)

    Chart 2: Silver LCNS (Got Gold Report)

    Disclosure: I am long GLD, SLV.

    Stocks: GLD, SLV
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