David Morgan: Go Gold Go!
Once again gold bears tried to force the yellow metal down, and it appears they have failed. Going into the Fed testimony, gold was under pressure and looked like it might violate support, clearing the way for a breakdown. Surprise - gold held and rallied hard.
Since this latest rally in gold started, every time the sellers showed up, buyers defended their positions and overpowered the shorts.
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing
