As we get ready to go into a long holiday weekend, here are a couple of thoughts from two of the greats on the gold and silver markets.
Something To Think About
August 30 (King World News) – Ole Hansen, Head of Commodity Strategy at SaxoBank: “Gold’s rally has paused with support just below $1500/oz. Reasons being 1) The US dollar which is testing resistance, 2) buyers switch focus to the relative cheapness found in silver and platinum and 3) temporary pause in trade hostilities. (See below).
3 Reasons Why Gold’s Rally Has Paused – One Is A Switch To Buying What Investors Consider Is Cheap Silver
Also, here is a chart from top analyst Tom Fitzpatrick’s partner at Citi which shows that today’s hourly candles on gold and silver look bullish (see below).
Chart Of The Day
READ THIS NEXT! Something To Think About, Plus The Chart Of The Day CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
WOW: Look At This Tumble, Another Record, Banksters, A Little Problem, Plus Gold & Silver CLICK HERE TO READ
Stocks Up But Look At What Is Collapsing, Plus Another Bull Flag For Silver CLICK HERE TO READ
The Golden Trigger That Will Send The Price Of Gold Dramatically Higher CLICK HERE TO READ
Albert Edwards – MMT Fully Loaded, A Remarkable Chart, Silver, Plus What’s On Fire In The Gold Market CLICK HERE TO READ
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