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Re: Refill post# 1623

Saturday, 02/03/2018 10:17:40 AM

Saturday, February 03, 2018 10:17:40 AM

Post# of 3026
The latest 8-year chart for $GOLD TA & TI actions by both volume
indicators concurrently is very bullish indeed—it means that
gold is destined to break out upside from this pattern into
a bull market soon.

Regardless of what efforts the supposed "cartel" with their paper
shenanigans make to stop it, and it's not hard to see why given
how much physical has been mopped up in recent years by countries such
as China, that understand gold's true value.
Upon breaking above the nearby band of resistance,
the first target for gold is the quite strong resistance
in the $1520–$1560 area.




On $GOLD's 6-month chart, however, we can see that it has had a nice run
in recent weeks that has resulted in it becoming rather extended, and
with sentiment readings now very bullish
, we should not be surprised
to see a modest pullback that would probably be occasioned by a relief
rally in the dollar to alleviate its oversold condition.
We can use any such pullback to do additional buying, especially of
gold and silver stocks.




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