Wednesday, August 14, 2013

Gold Price Grpah 13-08-+2013

Here's the 6-month gold chart, and it looks very much like JPMorgan is painting the chart to look as if the gold price is 'rolling over' at the 50-day moving average.  As I said last week, they could hit the gold price for $100 if they wanted to, and silver for a buck or so.  But can they, or will they?  I don't know, but the chart appears to be painted to look like that outcome is inevitable.  We'll see.