Strong CPI Means What to Gold?

by Ira Epstein
GoldSeek

As we take a look at gold, if it were to just close right here, you’d have an all-time high close of $2914. This is a weekly chart of just closing prices, the momentum is still up. The market today had a minor reverse, lost the punch that it had at the top pulling back. But I am expecting to see buying on the pullback, maybe $2900 [that] zone.

Gold is becoming a big-time storage of value. Higher lows, higher highs—you can see how the market’s going.

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