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« Will Inflation Make A Comeback In 2014 When The Consensus Worries About Deflation | Main | The Golden Cross For Gold Is Not Always A Positive Indicator »

Gold Price Performance After Golden Crosses In The Last 4 Decades

In this morning’s mail bag we have this article sent to us from taki tsaklanos of 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.

From Sentimentrader:

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?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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