Gold to resume the uptrend on a break above the $1966 November high – Credit Suisse


Graphic image of bull, black and white“Gold has not only stabilized as expected above its short, medium and long-term moving averages but has also broken its downtrend from last August and we remain of the view weakness from August is a correction within the longer-term bull market.”

USAGOLD note:  It’s the markets that fail to correct in a natural fashion of which we should be suspicious. We agree with Credit Suisse’s baseline assessment that the weak market since August is a correction within a bull market. Not sure why the $1966 November high is the magical number ……

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