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Gold Break-Out Time?

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 a buy on Gold (GLD) 1/12/07 at $621. The signal remains on a buy with Friday’s close at $663, up 6.8%  A buy signal for GDX occurred on 1/23/07. The signal remains on buy and is currently up 5.3%.  Let’s review the current FCS HUI chart:

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   The last major swing low in early January occurred precisely at the very strong supportive CV2 […]

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