Gold prices continue to increase. Inflation isn't cooling off, job numbers are still not ideal, and Bitcoin, some many consider to be gold's biggest competitor, is also making nice gains. The timing is odd, but all signs seem to be pointing to a gold price rally.
If we look at the 60 day chart from Kitco, there really aren't any significant dips to indicate resistance.
Zooming out to the 6 month chart from Kitco, it's still showing an uptrend, albeit not as steep of an incline.
Looking at the 10 year chart, gold has been doing well and will likely keep doing well until governments can get inflation under control and rein in spending.
Part of me is happy to see gold cruising right along.
The other part of me wants to see the price drop, so I can get more for less. Still, I should be happy with this uptrend overall.
With the price increases are you still buying gold, holding, or investing elsewhere? As for me, I'll still be buying. 馃
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