I think the PoG is already breaking to the upside.
But I believe that the next bull market in gold will only be confirmed if/when market sentiment shifts to believing gold is a better store of value that long duration treasuries, which it doesn't at the moment.
I explain more and display the charts in a recent post on my blog:
http://investinginshares.com.au/gold-breaking-out-in-usd-trade-weighted-adjusted-terms/
Buyers near 20x sellers, page-25
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
