DSLV - Gold Breaks Major Technical Resistance And Could Climb Toward $3000 By 2021
Originally published July 5, 2019
Gold has dipped back below $1,400 this morning, as investors believe the strong employment report reduces the odds of a rate cut this year. I believe they are weighing the significance of this one highly-manicured preliminary data point too heavily and the Fed will still be forced to cut rates later this year. Therefore, I view this near-term dip in the gold price as a buying opportunity and am maintaining my price targets below.
Gold has finally awakened from a multi-year slumber. After several failed attempts over the past few