Draghi to Deflate Gold
It has been a nice run of late for gold here in the latter part of this Daily Cycle. Gold has closed above the 10 day moving average for 13 straight sessions, which is the type of bullish, Right Translated Cycle behavior we’ve been longing for. And I continue to believe that gold has found a floor here on the longer time-framed Cycle, which means that this positive action is part of a larger move that will eventually show gold has moved out of a wide, 18 month basing pattern.