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FCS Signals Buy

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 […]

A Golden Triangle

 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 […]