Thursday, May 07, 2015 5:33:30 PM
Mitch BAA is in a super bullish set-up at the moment. Today's low was deep enough to be considered a wave 2 retrace and that's means we could start a 3rd wave higher at anytime now. I'd really like to see .22 tested before it moves higher as that would give it more range on the high end but no guarantee that happens. Bottom line IMO is buy the dips and ride it higher until we have a clear sign that gold has reached a top.
BAA is very close to breaking out IMO.
BAA is very close to breaking out IMO.
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