Gold is currently struggling with resistance, but not in euro terms where a larger bull trend is poised to commence.
There are some unsettling comparisons playing out between 2007-08 and 2009-10, notes the Wiz.
With the big diversified and smaller miners closing well bid yesterday, the Wizard believes a bottom may have formed. Watch Monadelphous.
Antipodean Capital suggests the short-term technical picture for US equities is positive as prices respected support before bouncing higher.
Technical chartists are warning gold and AUD/USD are signaling more weakness should be expected.
It’ll only take two months -at the max- before the world will once again look a troubled place, predicts the Wizard.
Gold’s surge is catching everyone’s attention, but investors better remember December, experts warn.
The TechWizard is hoping for a bottom in the market, soon.
The TechWizard has identified two more prime candidates for traders looking to go short.
The Wizard reports his bearish view on Perpetual shares has been confirmed.