This is a syndicated repost published with the permission of Gold Traders Almanac. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Gold has been consolidating since May of last year. From May of 2005 to May of 2006 gold experienced the largest move up since the gold bull market began in 2000. In my last post, I explained that a Neowave pattern called a running double combination had completed in May of 2005 with very bullish implications; when subsequent FCS buy signals confirmed the bullish pattern, I bought aggressively […]
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