Gold Market Wire
News, analysis and commentary for gold traders and investors
Crude Oil Update
Crude Clears the Downtrend in Asian Trade
January 4, 2022 - (Gold Market Wire) - In trade out of Asia, Crude Oil has cleared the short-term downtrend line and looks ready to make a further advance. The bulls are in charge and look ready to mete out more punishment to those who stand in their way.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/61d3d84087003afb30370303_Screenshot%202022-01-04%20at%2006.11.15.png)
Although Goldbugs have patience that not even saints could muster, there comes a time when one has to go where there is money to be made. Rather than sitting on a market that has failed time and again to get airborne - let's go where the action is. Gold will have its day, we are sure - but that 'day' is not in the near-term future. It is still somewhere over the horizon. Yesterday's Gold action - straight out of the gate in the new year, was a dismal performance. Gold looks like its ready to rack up another year of paint drying, wrist-slitting action. Only a fool puts his energy into a moribund market. It's time to move on...until Gold shows it can play in the ring of the Bulls.