Gold investor tactics in a stagflationary era
“After rallying to the $1566 area, gold has pulled back to about $1500. . . Strong trend line support is already in play. Investors need to keep an open mind; it’s possible that the $1500 area is now support rather than resistance, and gold is set to rally towards the $1600-$1700 area.”
USAGOLD note: Thomson covers a lot of territory in this opinion piece and ends up predicting a gold market very similar to the stagflationary 1970s.