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.
The FCS issued buy signals on both the HUI and XAU after today’s strong close. A buy signal was issued on gold itself last week, Wednesday. I will be opening a long position in GDX at the market open tomorrow.
Break outs from triangular patterns are frequently high momentum moves, often referred to as thrusts. I project this one could reach the area […]
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