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Buying Gold | Commodities tomorrow: Gold safe haven buying - CNBC | News2Gold

Buying Gold | Commodities tomorrow: <b>Gold</b> safe haven <b>buying</b> - CNBC | News2Gold


Commodities tomorrow: <b>Gold</b> safe haven <b>buying</b> - CNBC

Posted: 05 May 2014 01:00 PM PDT

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Why this top technician recommends <b>buying gold</b> now - CNBC.com

Posted: 24 Mar 2014 09:53 AM PDT

Gold suffered another tough session Monday, dropping nearly 2 percent following a bad week. But one of the most respected technical analysts on Wall Street says it's high time to buy in. Indeed, Sterne Agee chief market technician Carter Worth predicts that gold will rise about 15 percent from current levels.

After a painful 2013, bullion was finally finding some strength in the beginning of 2014. The key, for Worth, was that the metal was able to turn around a grim trend.

"When you're cascading, you make a low and then you violate it. And make a low, and then violate it. Make a low, and then violate it. Low after low," Worth said Friday on CNBC's "Options Action." "But then, we have this massive low in June, as everyone knows, and again, we have a rally. But this time, we don't violate. So we have a well-defined double bottom."

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