Loading ...A Lot Of ‘Nervous Nellies’ In Precious Metals Sector
June 27 (King World News) – James Turk: “There are a lot of ‘nervous Nellies’ in the precious metals market at the moment, Eric. They are concerned that this reaction of the past couple of days may lead to a bigger correction. That may or may not happen. It is this kind of uncertainty about the future that is why bull markets climb a “wall of worry.”
Any wall-of-worry can be tough to deal with. They play at our emotions, which can provoke deep seated concern, which is understandable. No one wants to lose hard-earned money. So instead we need to look at markets objectively, which explains why I rely heavily on charts, like this one. There is nothing really much to worry about when looking at this chart of the London spot market closing gold price.
Nothing To Worry About When It Comes To Gold
Key Points After Gold’s Breakout
Gold broke out of a multi-year base, and it is in an uptrend in price. That’s all we need to know.