Gold busts year-to-date support kitconews gold silver mining metals finance investing economics
Bye-bye 1854-1779 support. Whilst it lasted, 'twas a beautiful thing. But as they say in NASCAR upon a car's engine all going wrong: "It done blowed up!" . Here's our depiction in the chart of Gold by the day so far this year:
So how low may Gold go? If we stick with a"structural support" assessment, the case can be made that Gold remains in a more broadly-based 1920-1678 zone, . Thus more meaningfully, let's just say we don't wish to see last year's 09 August low of 1678 go. And now to the Economic Barometer -- which in spite of a "strong" StateSide June Payrolls report -- is now at an 18-month low.'Tisn't wrong a wit, Squire. The S&P 500's current level of 3899 is its capitalized-weighting indexing of all 503 constituents as shoved to and fro.
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