Gold's a prime buy below its 200-day Moving Average

. 'Net short' position in silver contracts the lowest since at least 2004 During the 12-year history of this bull market in gold, only about 5% of the time did we see gold trading below its 200DMA, and each time it turned out to be a prime buying opportunity. Featured is the daily gold chart. The last time gold traded below its 200DMA was during the autumn of 2008. As soon as the price climbed back above the 200DMA, it rose from $900 to $1,900. The fundamentals for gold are bullish enough for a repeat performance. Just make sure you are buying gold and not a ‘paper or digital substitute' for gold. Continue reading this article

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