Gold rally may continue this summer - says Greg Guenthner. In February 2013 the expert actively wrote about the imminent onset of a bear market, when the metal broke through the level $ 1,650 - for AMarkets materials.
Regarding the current situation, the expert says something like this ... None of market players did not pay attention to the growth of gold in January, both on a technical point. Greg says that the movement of the metal at the end of 2015 was, as it were false, deceptive. According to experts, gold "is closed in the downward trend." A small leap up - a temporary phenomenon, for which in any case will be followed by a decline. For "false breakouts" should always be a sharp movement in the opposite direction. Despite the fact that Greg does not believe in a long gold rally, he believes that in the late spring and summer, the metal will rise due to the weak dollar and the growth of distrust in the abilities of the US Federal Reserve officials.
The price of spot gold in the dynamics. "False breakout"