A top Swiss gold trader is targeting industrial clients as banks back away from the precious metals business. MKS PAMP Group said it was merging its refining and trading operations.
Stock markets fell for the third successive week. Are we poised for an uncustomary bad December? Bitcoin was pummeled over the weekend. Gold still struggling but it was one of the bright spots..
Gold's trend now is up, but it must hold $1,758.50. We are in a battle ground area, so to get into the bullish position, gold needs to get above $1,789.90 by the end of the week.
Gold bugs can be emotional and like to listen to people who confirm their bias. Until gold starts to make a new intermediate high, gold is in a cyclical bear market -- not secular.
