Friday, March 07, 2014

Gold Price

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.

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