Gold & The Gold Chart
Having focused on Silver, because it’s chart was clearer with an absolute, definite outcome that was never in doubt, it’s now time to turn my attention to Gold and the gold chart. The gold chart showed that gold bottomed on Friday having completed a double bottom. The gold chart has a little more work to do. Unlike silver, which had the clear inverse head and shoulder bottom with the extremely bullish pattern where the right shoulder was also an inverse head and shoulder and all at higher price points than the left shoulder and head. That told us that silver was ready to explode and will be taking out the recent high at 30+ very soon. Getting back to the gold chart. You should have the rest of this week to finish accumulating the “Terrific Ten” especially, those that are more gold than silver. I don’t think gold will take out, on a closing basis, the 1855 area, where both the 50 day and 200 day mvgs. are currently converging, just yet. That should occur next week. So, after Valentine’s Day and President’s Day Weekend, Both Silver and Gold will be exploding higher! Enjoy.
The Terrific 10 ….could be 10 baggers when the PMs Explode.
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