Notes From the Rabbit Hole

Gold Prices This Week and Next Week’s Outlook

Here is an excerpt.

“In an NFTRH subscriber update last week we noted that the precious metals rally has just about reached anticipated ‘bounce’ levels (using the HUI Gold Bugs index as one example, the 195 area has a confluence of resistance) and that some volatility can now be expected.

There are still inputs to the bullish case, however. Those are the seasonal that on average sees gold and silver strong through January, CoT, which still has room on its trend, a post-tax loss (where applicable) ‘January Effect’ and most importantly, some fundamental aspects that have improved (noted in this week’s premium report). So while a pullback would be normal, it would probably not end the rally.”

Check out the full article as published at Gold-Eagle.

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