brightstars
It's getting crazy now, and it's obvious gold is telling us something.
It began last night, as the price of gold began to take off in overseas trading.
The chatter on X alerted those of us trying to
Gold On Fire
Summary
- Last night, the price of gold began to take off in overseas trading. After beating back a couple of bear attacks, it took off with little remaining resistance.
- After a brief correction earlier this month, gold’s overheated status cooled off, with its RSI dipping back below 70. But it’s right back in the stratosphere after the remarkable surge in recent sessions.
- Is the mainstream recognition a warning that the move in gold has peaked? I don’t think so, at least for the longer term.
- Meanwhile, despite gold’s rocket-like surge, gold stocks have managed to dramatically outperform the metal.
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