12.05.2015 - Precious Metals - Gold Continues To Disappoint Everyone
The dollar corrected and gold ignored it. Divergences continue. It is a range trade. What will make gold break out of the range? All signs continue to point south. The price action in gold is like watching paint dry these days. Everything about gold is boring lately. June COMEX gold futures closed at $1187.30 on Friday, May 8 -- just $3.20 above where it was at the end of December 2014. All I can really say about the gold market these days is -- Zzzzzzzzzzzzzzzzzzz. There are many devotees of the gold market; there are also plenty who believe that gold is just a barbarous relic of the past. Gold is a beautiful lustrous metal and it evokes passionate emotions from bulls and bears alike...............................................Full Article: Source
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