Gold: $2000 Might Still Be Resistance
Plus, some useful charts from Incrementum's new "In Gold We Trust"
One of the fun things about bull markets is watching resistance levels turn into support. Gold, for instance, spent three years banging into $2000/oz and recently broke through, touching $2125 on December 1.
Then the selling started, pushing the price down to, as this is written, $1997.
If the “$2000 is now support” thesis holds, buyers will enter at th…