Tag Archives: gold
Gold Breaks Through to Important Overhead Resistance
By Neland Nobel We suggested that gold had put in a major low in early March, and put in a double bottom, a variant of the classic head and shoulders bottom. The importance of $1800 was noted in the last blog and we suggested, that if that level were broken, … Readmore
The Case for Direct Ownership of Gold
By Neland D. Nobel As in the case with many things in life, sometimes the simple way to do something, is often the best way to do something. But there is a proclivity in the human mind towards sophistication and complexity. If we can manage complexity, we seem to feel … Readmore
Gold Pushes Through Overhead Resistance
Gold appears to have ended its corrective phase that began last September. After some bottoming action, momentum appears to have turned upward in mid-December. It broke out of its “pennant” or rising wedge formation at $1500 and quickly moved through old highs at $1520 and then $1540 today. This should … Readmore
Categories
Tags
Archives
- March 2023 (1)
- February 2022 (1)
- December 2021 (1)
- November 2021 (1)
- June 2021 (2)
- May 2021 (1)
- April 2021 (1)
- March 2021 (1)
- February 2021 (1)
- December 2020 (2)
- November 2020 (1)
- October 2020 (1)
- September 2020 (2)
- July 2020 (5)
- June 2020 (1)
- May 2020 (3)
- April 2020 (2)
- March 2020 (5)
- February 2020 (2)
- January 2020 (1)