Gold as a canary in the mine

Posted: March 9, 2016 in Uncategorized

Notwithstanding the great March recovery rally gold is pushing and soon arriving to one of the first real test. $1300 as between 1300 and 1400 there are a lot of resistences for gold to overtake.

This strength is a bit of a canary in a mine. Every last year real rally gold was dumped. Now we see a stock market rally a strong USD dollar and gold rallying. Not much sense in this correlation, unless there are a lot of people not believing. And definitely lot of Chinese protecting from the Yuan devaluation.

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