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Market Says Be Patient With Entry Points For Gold

We own gold, like gold, and plan to buy more gold, but the market is telling us to be patient for a while longer in terms of looking for a good risk-reward entry point for GLD (gold ETF). Numerous short-term indicators are still flashing some "be careful" signals.

Gold Index

These charts are as of November 23rd at 2:05 p.m. EST (USA).

Gold Risk Reward Analysis 2 of 2

 

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