Loading ...Gold – I can’t prove it yet but I believe the last decline in gold knocked out the last of the gold bugs and gave gold, technically, a clean slate. I believe we saw the ultimate bottom of the gold bear market on Friday, and (yesterday) the whole universe of gold is higher, and closing at its high. Everything I have said about gold is also true about silver. I believe this is the time to invest in gold and silver if you have not done so already.
If I am correct, gold should act like the release of a compressed spring. Gold above 1300 would make me even more certain of my opinion, and gold above 1350 would represent a major buy signal. If you can’t handle physical gold, take a position in CEF, which represents physical silver and gold and is located in Canada.