Promising Technical Signs for Gold

Initial upside projections have been hit and 1180-90 is a resistance area. However, there’s enough time left in the 13-17 week cycle up phases for these projections to move higher and for gold to clear this resistance level. That would result in higher targets and would have positive implications for the 9-12 month cycles. Recent precious metals stock picks have started with nice gains off the bat and show additional promise.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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