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The Technical Case For The New Gold Bull Market

The Technical Case For The New Gold Bull Market
By Sam Broom (Sprott Global) 4 years ago 30076 Views

June 16, 2016

Last week, Sam Broom of Sprott Global spoke to Sprott’s leading portfolio manager and technical analyst Paul Wong about the discipline of technical analysis and why he thinks we’ve recently transitioned to the next bull market in precious metals.

For those unfamiliar with the discipline, technical analysis involves the interpretation of charts in order to gain insight into future market direction.

To read the full interview, click here.

In the interview, Sam and Paul discuss:

  • A general overview of technical analysis and why Paul sees it as a key tool, particularly during bear markets.
  • Paul’s experience during the 70’s bear market and how technical analysts at his firm consistently outperformed economists and fundamental based market strategists.
  • Why Paul thinks we’ve already had the technical confirmation signal that a new bull market in the precious metals is in play.
  • The key metrics Paul uses to gauge future direction in the gold market, including bond yields, interest rates, the U.S. dollar, inflation and the correlations between them.
  • The impact he sees negative interest rates having on the precious metals space, and
  • An overview of his outlook for commodities outside of the gold space.

To read the comprehensive interview, click here.

If you have any questions about this article or technical analysis in general, please contact your Sprott Global broker or the author of this article, Sam Broom, at 760-444-5271 or through email at sbroom@sprottglobal.com.

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