Menu Close
Posted in Other Guys

Gold Achieves Escape Velocity!

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

I think I’ve been vocal enough about my enthusiasm for gold. I’m delighted to see it is starting to show some real signs of life today (this is a 1 minute chart):

Here is a longer-term view, showing a well-formed consolidation pattern and, God willing, our hearty escape from it!

This, to me, is the ultimate repudiation of the central bankers. Here’s to $2,000, $3,000, and beyond!

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.