Commodities - Major buy in gold
publication date: Jan 3, 2021
As we mentioned in our December 27 note on Gold and Silver, we said that "upside momentum is picking up in gold, and we believe gold is about to start the next leg higher. Tonight's move well above the MOB band, and the 5-month downtrend off the August high, appears to be the move we needed to see for that next leg to begin. We would be pressing the long side right here.
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