Gold prices have a new price handle of $1600. Actually spot gold was trading around $1642/oz this Friday morning. The financial media are touting that prices are making six year highs. This is useless information in my opinion. Prices could have traded sideways for five years and 11 months and just now made a six year high. Get my point? A more useful factoid is that prices have been in an uptrend from August/September 2018 and from late 2015 on a weekly chart.
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