Gold Today February 18th, 2016

www.armstrongeconomics.com

QUESTION: 

Mr. Armstrong, your opening number for gold was 1199.50. Since it opened above and has rallied, is there a point above where it now must exceed to resume an uptrend?

Thanks for being there for free even
KW

ANSWER:

Yes. That number is 1237.00-1238.50. If we can close above that area then gold is still in a bullish posture. Close beneath that level today and it moves into neutral position.