Eric King: “John, yesterday we had gold with a $50 trading range. After plunging $20, gold then reversed and closed on the highs up nearly $30, your thoughts here.”
Hathaway: “At one level it shows fairly conclusively that the market has turned, and this is the shorts really starting to feel the pain. At a a very technical level I think it’s just confirmation that the market has made a significant low, and now all that remains to be seen is whether this is in fact the platform for gold to go to new all-time highs.”
Please follow SGT Report on Twitter & help share the message.