Gold Monthly & Quarterly Charts
IMO, the gold bear market is now over – gold spiking above both EMA’s on the monthly chart speaks volumes as far as I’m concerned.
However, that does not mean gold and the PM space cannot take another shellacking, as was the case in 2008, if $SPX loses approximately
half of its value from around its current levels, which I think is a possibility as of now.
Bully’s back!