PREDICTIONS FOR GOLD AND SILVER AFTER THE U.S. STRIKES SYRIA FOOLISHNESS OF THE MOMO CROWD $GLD $SLV $GDX $GDXJ
After the U. S. struck Syria with missiles, the momo crowd has been buying gold and silver aggressively. I will give you my long-term prediction, but first you need to be aware of the foolishness of the momo (momentum) crowd.
Foolishness Of The Momo Crowd
To understand the foolishness of the momo crowd, take a look at the chart of gold futures after the news broke.
Please click here for the very short-term annotated chart of gold futures.
Gold futures spiked over $1271, only to fall back to about $1253.
Please note from the chart that VUD indicator does not show consistent buying.… Please click here or the title below to read more.