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This is all part of the bottoming process as gold traces out a bullish cup and handle bottom before the blast off to 5000

Posted by Richard640 @ 9:40 on August 3, 2015  

In the Financial Times, Mohamed El-Erian, chief economic adviser to Allianz and chair of President Barack Obama’s Global Development Council, contrives seven explanations for gold’s unexpectedly poor performance lately, none of them involving surreptitious intervention in the gold market by central banks. His commentary is headlined “Why Gold Has Lost Its Shine for Investors” and can be found here:

http://www.ft.com/intl/cms/s/0/4a29ee6e-350e-11e5-b05b-b01debd57852.html

This gold chart is only up to 2012 but u can easily see the huge cup and imagines the handle being traced out now

http://www.siliconinvestor.com/readmsg.aspx?msgid=28420560

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.