What A Week!
I continually wonder why every market commentator talks down gold when the numbers are so clear. Over time gold out performs, and when markets push into stormy seas, gold has always been a safe port. The performance of gold over the past six months is a red flag and it is waving frantically in the winds of the upcoming storm which is just over the horizon.
Gold on the Move
We have recently seen the price of gold rise strongly, pushing on to a June high of US$1,432 before profit taking the price of an ounce briefly back down below US$1,400 at the end of the month – gold is showing an aggressive upward trend. We’re not quite ready for gold to move so there’s still time to buy before that happens – but all the signs are heading towards it.