Gold Trend Bullish – Short and Long Term

Posted by Martin Straith/The Trend Letter

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Gold’s current strength is driven primarily on the short-term weakness in the $US and this short-term trend will likely continue until mid/late January, when we could see the effects of a Repo crisis start to affect all markets. We will be watching the next month very closely and subscribers can expect Flash Reports should things start to unravel. Investors need to understand that although gold does act as a safe-haven play it is usually the $US where the first wave of safe-haven capital flows to.

While gold and the $US typically move inverse to each other (gold up when $US down, gold down when $US up), there are times when gold…click here for full article.