A Market Timing Report based on the 3-07-2014 Close published Sunday March 9, 2014
Gold is holding on but is under the thumb of rising interest rates (10 Year Treasury chart below). If the trend continues, the US dollar will turn up and that will pressure gold and other metals. Only in the case of real panic do gold and the US dollar tend to move in direct correlation. I would only add on the next breakout to the upside.
Here’s the GLD chart:
Ten Year Treasury Note Chart (TNX):
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