Thursday 19 October 2017 | The view from Wall Street & Silicon Valley


Gold

Gold at $1,214.35/oz. looks a buy

By Ben Turney | Thursday 25 September 2014


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from TopStockProphets). I have no business relationship with any company whose stock is mentioned in this article.


Nearly two weeks ago I suggested a buying opportunity could be brewing in the gold market. I now believe we’ve reached that point. Using my preferred technical indicator, the MIDAS Method, the price of gold has breached a critical level of support. On Tuesday the price rallied strongly off this, only to retreat again. Today, the market looks like it is once more finding its footing and a rally from here could gain some serious momentum.

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