Two weeks ago, I wrote: “... gold is now ready to rock and roll.” And it did.
Then last week I said that my back was in spasms – seriously – perhaps from all the bowing I was doing in my mirror. But I said that this week would see more of the break-out.
So, where are we?
$GOLD has not broken into the 475-525 range yet, but give it time. It’s only a matter of time.
My little birdie tells me that when the U.S. Administration is writing checks it can’t cash, they must think its monopoly money. And, now that everybody has returned to Washington from summer holiday, it’s time to play Monopoly.
“Monopoly” as you know is a board game where the supply of money is unlimited – sound familiar?