Next Logical Gold Price Target, Probably Within Two Days, is US$990
Change: 10.90 or 1.1%
Silver Price Close Today : 14.688
Change: 44.3 cents or 3.1%
Platinum Price Close Today: 1266.50
Change: 27.00 or 2.2%
Palladium Price Close Today: 276.65
Gold Silver Ratio Today: 65.87
Change: -1.283 or -1.9%
Dow Industrial: 9,320.19
Change: 33.63 or 0.4%
US Dollar Index: 77.76
Change: 0.17 or 0.2%
Climbing the same old wall of worry. I notice that I have spells of doubt -- is this really it? Crazy, but maniacal silver & gold bug that I am, my thoughts have fought every rally, all the way up. Human propensity to worry.
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Gold Price Close Today : 967.50
Change: 4.00 or 1.5%
The Gold Price was not to be denied today, with a steady climb upward from opening bell to Comex close and beyond to 970.05, then settling down to mid US$960s support. The gold price rose 10.90 to close on Comex at 967.50. This has crushed resistance at 960, so next logical gold price target, probably within two days, is US$990. The MACD indicator shows this rally could go on for another four weeks, but the RSI looks overbought.
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