gold, page-42520

Alas a true realist of a gold bull. I would argue that what stopped gold following equity markets down the toilet in 2008 was TARP/QE. That phase initially 'saved' a lot of previous Gold angels from value decimation then propped up their valuation to the blue sky. Replaced by a new breed, much more nimble and less aggressive in their opportunistic exploitation of the goodwill/windfall.

When using any math indicator, I like the Weinstein 30wk SMA. My 200SMA does not look one bit like yours and I don't know what a continuous contract really in. On spot, price trend is above 200 dma as well as 30 wma. More importantly, each weekly trough is higher culminating to the formation of an ascending triangle potential.