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Getting Comfortable With Gold

from Gold Seek:

1. Many bank economists believe second quarter GDP growth in the United States will be about four percent. Please click here now. This daily Dow chart shows that a modest upside breakout to new highs occurred on Monday.

2. In 2013, many Western economists argued that tapering and strong growth in America would cause a huge selloff in gold. That hasn’t happened, but should gold investors be worried now?

3. There’s no question that gold often drifts rather aimlessly in the springtime. Please click here now. That’s the daily chart. Gold is trading sideways in a rough triangular pattern. It suggests that a fifty dollar move could easily occur in either direction, with equal probability.

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1 comment to Getting Comfortable With Gold

  • Ed_B

    “Many bank economists believe second quarter GDP growth in the United States will be about four percent.”

    Bahahahahahahahaha! Really? Are they so clueless that they do not know that the US economy is in backwardation? The US economy is shrinking at a rate of about 1.5-1.7% annually and not growing at all, the fake growth numbers created by the Fed and the Gov notwithstanding. This is why it is not creating enough jobs for our growing population, why the tax receipts are falling with average working hours, and why the labor participation rate is at a 36 year low (and heading for an ALL TIME low). Is not knowing one’s buttocks from 3rd base a requirement for being an economist? It sure seems to be.

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