Breathtakingly Bullish Chart Patterns in Gold Price and Gold Mining Stocks

Gold has broken out of a major resistance levels with longer term indicators projecting more gains after consolidation. All 7 of our gold mining stock picks from May 20 through June 3 are gaining. The smallest gain, at 6%, is on the GLD ETF, added June 3.  The mining stocks added June 3 are up from 11% to 18%, while the May 20 and 28 picks are up 51% and 42%.  I am recommending protecting those gains by raising trailing stop levels.

This report covers the short to long term technical outlook for gold, and for gold mining stocks, along with recommended trading strategy.

Liquidity moves markets!

Follow the money. Find the profits! 

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, 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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