Saturday, 28 June 2014

Here's Why Gold Is Going Higher

Gold is trading around its two-month highs but legendary technical analyst John Bollinger thinks the run has only just begun.

Bollinger is the inventor of “Bollinger bands,” a popular technical tool that charts price relative to recent movements. The price of the asset—be it a stock or commodity or whatever—is considered high if it’s on the upper band and low if it’s on the lower band.

In an interview with “Talking Numbers,” Bollinger uses the bands to explain why he thinks gold will go higher. But, he doesn’t just use them on gold. Instead, he is also looks at charts of gold miner stocks for signals as well.

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