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Gold Price News: The Metal at a ‘Make or Break’ Level? | The Mesh Report

Gold Price News: The Metal at a ‘Make or Break’ Level?

Mike Hammer August 2, 2017 Comments Off on Gold Price News: The Metal at a ‘Make or Break’ Level?

Even in our digital age, the wisdom of the past still applies.  Today’s gold price news tidbit: “The hardest part is the waiting.” Legendary trader Jesse Livermore wrote that in his famous book “Reminisces Of A Stock Operator”back in 1923, vastly pre-dating rocker Tom Petty’s pop hit. And it sure applies to today’s gold market.  International gold prices rose from 1210 to 1270 over the last 17 days.

In the last 3 days the rise seems to have petered out, with gold bumping along in the 1265-1270 range.  Let’s face it, a 5-point range against a 12-hundred point price isn’t much of a change.  But here, at these “levels” as Jesse himself called them, is where fortunes can be made or broken.

Continue Reading At The Gold Enthusiast



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