One way or the other, the precious metal complex is likely to make a decisive break in the next few weeks
One way or the other, the precious metal complex is likely to make a decisive break in the next few weeks. It's been an ever narrowing range of late, but there are a number of potential catalysts which could ignite a move either way, including - Indian elections, which are being seen as pro gold - European QE - Ukraine (although markets seem to be a bit over this) - Potential stock market correction Path of least resistance still down, though golds resilience has been pleasing bulls lately. Some are even heralding the recently announced end of the London Silver 'Fix' as a catalyst, though that's not a position i agree with. Full weekly thoughts, including a look at the new Central Bank Gold Agreements and the latest World Gold Council report are linked in below. There's also a video interview with Ronald Stoeferle, author of the 'in Gold we Trust' reports for the past several years. (VIEW LINK)