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Jim Wyckoff

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Gold bulls back in business

June 1, 2021 by Jim Wyckoff

The gold futures market has hit a five-month high and the bulls are enjoying a price uptrend in place on the daily bar chart. The yellow metal is seeing demand amid concerns about rising and even problematic inflation. Historically, gold has been treated by investors as a hedge against rising inflation. The path of least resistance for gold is presently sideways to higher and will remain that way until a technical development suggests otherwise. You’ll get those early trend-change clues from reading my daily market reports. Stay tuned! Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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