Sentences with phrase «major rally in gold»
As a result of what happened during just one of the past twenty decades (the 1970s), most people now believe that a large rise in «price inflation» or inflation expectations is needed to bring about a major rally in the gold price.
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Just as an increase in the premium did not signal a new major rally in gold, a decrease in this premium did signal a downtrend.
Not exact matches
However, it did not trigger a major rally as it did not alter anything fundamental in the gold market.
Therefore although a new all time high in gold would cause us to seriously consider taking a long position again, any technical breakout to a new high would have to be supported by some fundamental reasoning as to why gold was about to embark on a major rally.
From this we inferred that gold prices we set to stage a major rally to a new all time high, so signalled to our subscribers to buy a great deal of out of the money GLD call options to benefit from this rise (more details can be viewed in our full trading records, which is published on our website).