Is a gold top upon us? Is the commodity rally over? Answering this question might require a deeper look at sector analysis. A Tuesday Credit Suisse report points to a potential gold top and, like oil analysts, gold analysts are sometimes split. But with the price of gold near Credit Suisse’s core bull target, analysts consider flagging momentum indicators against a rising price and think it might be a good time to reduce exposure. Gold top may occur before $1308 With its bullish Gold target of 1308 finally in sight, Credit Suisse technical analysts David Sneddon, Christopher Hine and James Lim…
Credit Suisse Sees A Near Term Gold Top
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.