Gold Today February 18th, 2016

GCNYNF-D 2-18.2016

QUESTION: Mr. Armstrong, your opening number for gold was 1199.50. Since it opened above and has rallied, is there a point above where it now must exceed to resume an uptrend?

Thanks for being there for free even

KW

ANSWER: Yes. That number is 1237.00-1238.50. If we can close above that area then gold is still in a bullish posture. Close beneath that level today and it moves into neutral position.

Latest Posts

Volkswagen Protests Heat Up

Volkswagen Group CEO Oliver Blume was booed by a crowd of 20,000 employees after stating that the company is not “operating in a fantasy world.” The company already saw 100,000 [...]
Read more

The Complexity of the Middle East

QUESTION: Marty, I cannot thank you enough for your coverage of the Middle East. Nobody provides such valuable forecasts for our entire region as you do.  I  know you have [...]
Read more