With the gold index looking to test the 280 level again, is it time, once again, to place the same “faith and trust” in the “the charts and buy into gold stocks? Let’s take a look.
Calibre Mining (TSX: CXB) (OTCQX: CXBMF) got another vote of confidence this week when Michael Curran, Managing Director, Research Analyst (Mining), upgraded his assessment of the company.
One subject attracts more opinions than any other: what to expect from the US Dollar ($USD) in 2020 and beyond. Today, we take a look at the chart for the USD to gauge what may come next.
You will recall in chart educational segment 001, we took an in depth look at the weekly chart for gold. Our expectation is for the MACD signal line to dip below the trigger line and then re-cross it later next year. This will be our buy signal based on trend settings. So let’s look at an example where this has just happened.