Gold Supported at 144 DMA

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

pmbug

pmbug

Your Host
Administrator
Benefactor
Messages
21,445
Reaction score
9,021
Points
268
Location
Texas
United-States
...
Gold looks very well supported between the 100 and 144 day moving average (simple) with the 144 day moving average providing strong support for nearly three years - since January 2009.

Bullion dealers in Hong Kong say physical demand is robust at these levels with one dealer reporting “a wave of physical buying” once prices went below $1,630/oz.
...
Click to expand...

More: http://www.goldcore.com/goldcore_bl...nd-negative-real-interest-rates-us-charts-day

When the world wakes up to the true scope of the currency issue, physical demand is going to soar regardless of the price on the paper markets.
 
You must log in or register to reply here.
Back
Top Bottom