Gold Daily Video, February 03, 2015

[Sive Morten]

Good morning,

Recent action on gold market suggests possible upward continuation at least to 1300 area:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Shawshank]

Appreciating your efforts man.

 

[NicholasM]

Thank you Sive, fantastic analysis of Gold there. I think this year could be great for the yellow metal. In my opinion, the U.S economy could play huge part in this. Everyone expects a hike in interest rates at some point before Q3, which puts the Federal Reserve under some sort of pressure. On the flipside, hiking the interest rates could test reliability of the current economic growth. At the consumer level, it is still a long way to go in terms of recovery.