Phil Carr
The Gold & Silver Club
Gold prices are currently consolidating as traders await a fresh fundamental spark to ignite gold’s next big move.
Gold is currently sitting around 5.6% below the September high, holding a 16.5% year-to-date gain from its 21% peak over the last 12 months.
When gold prices consolidate as they’re currently doing – this ultimately suggests a big move is on the horizon.
Meanwhile hedge funds and money managers increased their net long positions in COMEX gold in the latest week.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:
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