The time to reenter Gold is now, here’s why
Gold Starting to Shine Again
Since posting on October 12 that we were exiting our long position in gold,
the metal took on the dynamics of a commodity that was looking to shake out some
weak longs, build a base, and then poise itself for a move higher. After nearly
a 4 week hiatus of being out, the time to reenter appears to be on us. Gold put
in a very healthy ABC correction back down to 458 (GC z5, Comex December Gold).
As of this writing, 9:20 PM Pacific time, Tuesday, November 15, gold is sitting
above its downward trend line and is showing the drive to want to rally back to
highs at 483.
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