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July 25th, 2012 12:48:57 GMT.

Gold rallies back above $1600

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The gold market is liking its chances with QE3. Gold had been wedging on the hourly chart, as I talked about on Friday. There is a similar formation on the 8-hour chart that I have been watching. It looks like … Continue reading

2012-07-25T12:48:57+0000

July 23rd, 2012 13:41:30 GMT.

Gold remembers that Europe collapsing means more QE

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Gold has rebounded to $1572 after slumping to a one-week low of $1562. Gold got caught up in the downdraft as markets momentarily came unhinged but it has quickly bounced back. In the bigger picture, gold continues to wedge.

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