Gold opened the week at a $1908.20 at the multi month high and then has struggled this week on talk that the FED would be starting to taper the economic stimulus, thus raising interest rates and weakening precious metals, especially Gold. This continued through Friday morning before The Non-Farm Payroll numbers were released. The price on Friday morning dropped back to $1860 support. This severe weekly drop back to previous support was short-lived on Friday as the NFP numbers came in weaker than expected and fears abated somewhat about the FED near-term taper plans, pushing the price of Gold…

Bill Poulos - Official

Bill Poulos is an author, retired automotive executive (General Motors), and co-founder of Profits Run, Inc. Bill offers insight into the economy and trading.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store