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UBG - Gold: Deflation For The Nations Before Inflation
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Gold
We use the Variable Changing Price Momentum Indicator (VC PMI) to analyze markets, including gold. Gold traded last at $1,653.90, which is confirming that the high that was made yesterday of $1,691.70 is a major area of resistance. It's a target that completed the VC PMI Sell 1 target of $1,673 and almost that $1,698 target. It completed the weekly target of $1,673 on the news that the coronavirus was continuing to spread throughout Asia, beyond China. This raises the question about the actual economic damage that the virus will cause globally. If you