Gold still in a bear market rally until we can break and close above $1,783. Daily chart shows Thursday's wide range action. Bear trap? Odds are not high.
Central bank gold purchases are off to the worst start to the year since 2009. According to the World Gold Council, net changes in central bank reserve holdings for January and February were negative 16.7 metric tons.
Stock markets continue to rise but divergences are growing and margin debt is at another record. Negative patterns are developing. The market needs a rest. Gold continues to rise slowly and could take off..
