All the little micro moves that we talk about each week here. I think we need to zoom back out a little bit on gold and see where we’ve been see where we’re going. We’ve been three hundred dollars lower than we are today. That was the bottom thousand fifty were 300 dollars higher off that bottom. Everything’s been constructive from here. Where were you on the next move draws in the attention of people who don’t really care that much about gold on a week to week basis and it draws the attention of an investor that says oh Gold’s rallying I better get in on that stock. It’s on the mainstream media and that’s where we’re about to be in the gold market we’re on the verge of a breakout breaking out of this little range that we talked about on this show and we’re about to be headed into a new world with gold and a bull market.
Yeah Robert and following on the heels of the December market can we call it a crash ninety nine and a half percent in a single month. So following on the heels of something like that plus coupled with a break out 300 350 400 up in gold. It doesn’t take a lot of attention to start building some serious momentum and we certainly all remember what happened when gold built momentum back in 2010.
Yeah I mean right now we’re 300 up from that low that Robert talked about 1050 400 above that point puts us in a whole new range a whole new channel. Now we’re back to the days where we were witnessing 50 even 100 dollar a day move in the gold price and that just wasn’t very long ago for us or we get a lot of listener feedback each week just asking you know should we be focusing so much on the technical aspect of the precious metals prices and we try to come back full circle into the fundamentals so let’s talk a little bit about why this price action is occurring right because Kingkiller sitting here with me Robert hasn’t talked much on that because it hasn’t been doing much right. So this is some price action where the dollar has not moved out of its channel the entire time. We are seeing reactions to things like what you talk about that November December equities market crash. We’re seeing political uncertainty we’re seeing geopolitical strains certainly right We’re seeing financial and economic concerns now especially coming out of the eurozone and out of Asia. So all along gold is your barometer telling you that. So yes we’re going to focus on the technical. But you have to step back even further as Robert brought up and take a more macro viewpoint as to what are the underlying fundamentals and that’s sort of what they are and then today we had a little bit of help just with the supposed non reaction of the Federal Reserve. So any time you see central bank intervention or the lack thereof.
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