In this morning’s mail bag we have this article sent to us from taki tsaklanos of goldsilverworlds.com about the Golden Cross which you may find interesting:
This article is based on the latest premium edition of the Sentimentrader report (click here for a free trial). Market sentiment towards gold and silver are analyzed and put into perspective.
Gold’s daily chart is currently showing its 50 day moving average crossing over its 200 day moving average. In technical analysis, this situation is known as a “golden cross”, as it marks an uptrend.
Commonly, the golden cross confirms a new uptrend. One should expect a golden cross to be good news. While we are not saying the opposite, we only point out that not all similar cases in the past have turned out to be very profitable for gold.
Readers know that our focus is to bring unbiased news and analysis. In that respect, the following research, based on facts and figures, should bring an unbiased view on the history of gold’s golden crosses.
Please click here to continue reading this post
The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?
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