29.02.2016 - Here's how to play gold: Technician
Maybe the goldbugs will finally strike gold. After enduring years and years of losses, bullion is tracking for its best month since January 2012, up 9 percent. And according to a highly regarded technician, the hot commodity is about to get even hotter. "I think we can squeeze a little bit more out of this trade" said Ari Wald of Oppenheimer on CNBC's Fast Money last week. According to Wald's chart work, the recent price action in gold is strikingly similar to the activity in 1999 when the commodity reversed a multi-year downtrend and started to form a base...............................................Full Article: Source
Print