17.09.2015 - Gold Begins to Become Golden
We have touched on gold before in Kamich's Korner, but a follow-up is warranted at this time. Gold is up nicely today and the charts show improvement. The news that has moved gold in the past -- inflation fears, international tensions and turmoil, etc. -- doesn't seem to be the driver for the precious metal at this time. The gold market is kind of outside the normal credit system in that the Federal Reserve doesn't use gold to accomplish its goals. Nevertheless, everyone still watches the price of gold, much like everyone watches the price of oil. Gold can move independently higher, but traders like to see silver or what some call the "poor man's gold" also move higher ..............................................Full Article: Source
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