Rudi Fronk and Jim Anthony
Rudi Fronk and Jim Anthony Articles
During the last week, the major market indices rallied again. Although there was no news to account for it, there was a reason.
We thought that when the gold price broke above its five-year downtrend in early June, it would establish an upward trend. We were wrong. Another false start, it seems. The bubble in financial assets continues.
Yesterday, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, although...
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