For me, it would clearly be better if the gold price was responding primarily to better economic
news without the safe haven clutter. Note when you view the chart that the gold price is
encountering overhead pressure at the $1350 oz. resistance line and that the short term
readings on RSI and MACD are not sending a promising near term signal. Gold Price Chart
Now that topless feminists have been tangling with security cops in Crimea's capital, the
situation there has veered from serious to surreal. Through all so far, no one has loosed off
rounds from an AK 47 in anger, but how long might that last? One can understand palpitations
among gold players.
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!