GOLD IS AT A CRITICAL JUNCTURE $GDX $GLD $SLV $GDXJ $SLW $NEM $HL $ABX
There is much debate about the effect of currency wars on gold and its future direction. Currently, the fundamentals of gold are muddled. On the one hand, central banks continue to print lots of money, and some believe currency wars are imminent. On the other hand, inflation is stable, and the metals are under the control of the momentum crowd, which represents weak hands. Under such circumstances, it makes sense to turn to the long-term technical analysis for gold for guidance.
A picture is worth a thousand words. The chart linked to below shows the long-term technical analysis of gold.
Please click here for the chart .… Please click here or the title below to read more.