Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Feb 3 4:00 PM EST

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POKERSAM

Qualified Opinion

To: POKERSAM who wrote (86202)	8/31/2016 7:25:18 AM
From: GROUND ZERO™	2 Recommendations of 222827

Yes, as much fun for as it may be for many to hold long gold positions expecting the metal to reach for the sky, it just ain't gonna happen any time soon, not with the dollar moving higher... and the dollar is now in the early phase of a serious major leg higher, and higher rates will make it nearly impossible for gold to stage any kind of upward move other than its typical bear bounce... The impression I have is that gold is in a perpetual bear market and all rallies are nothing more than bear bounces... this is proven out by the performance of gold over recent years... Apparently, gold and fool's gold are one and the same... GZ

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