”If you’re driving a truck across a bridge that says it holds 10,000 pounds and you’ve got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay; but if it’s over the Grand Canyon, you may feel you want a little larger margin of safety…”
Gold has been moving strong to the upside for almost a year now. But the indicators, that gave rise to the current uptrend, now suggest that Gold could be ripe for a correction.
Confirming a valid bull move in Gold can be tricky. One thing that could help us confirm a bull move in Gold, is a little known technical indicator, based on ETFs.
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