After an overflow of bullishness at the beginning of the New Year, the gold market has entered a broad trading range between 535 and 570.
More Quotes from Peter Grandich:
The U.S. dollar counter-trend rally is over and a resumption of the secular bear market is under way. This and geopolitical news out of the Middle East are the fuel for a run to 600.Peter Grandich
Gold continues to defy the bears, skeptics and even ardent bulls all of whom continue to pay little or no attention to one of the most powerful factors driving the secular bull market.
Peter Grandich
There should be no doubt that gold remains in a secular bull market.
Peter Grandich
The news of an attack on an oil facility in Saudi Arabia is just an example of the many different geopolitical events that underpin the secular gold bull market.
Peter Grandich
Since bottoming in 2001, gold has seen a two-steps-up, one-step-back rise, and Monday's big drop is nothing more than the start of the one-step-back part.
Peter Grandich
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