Loading ...Edelson out this morning
If there are any Larry Edelson followers here, he has called a bottom in gold with some caveats. He called a bottom awhile ago, but recanted relatively quickly. He isnt a constant bottom caller and I think his advice is worth reading. There seems to be some confusion about what this latest move in gold represents and that comes through in his update today at Money and Markets.
There are many important analysts and technicians that are calling the gold bottom,at the same time the large majority of traders have sold this rally and are waiting on the sideline for the price to drop before buying again.
If this is really a bottom gold should make fun of them all going sideways and then going up again.
Here on Goldtent bottom was called. But We here do not have followers.
Look at me post of Feb 4.
XAU to Gold ratio Bottomz in???
http://goldtadise.com/?p=361982
Here is another on Jan 29 2016.
Xalling for bottom. One need to follow PM sector ratios . They give you clue.
http://goldtadise.com/?p=361440