UNICO INCORPORATED (AZ) (fka UNCO)

[NYBob]

Got UCOI Gold - Gold Breakout No Surprise
Au Report fr. HOUSTON --

This week Gold investors witnessed the apparent death of
a 5-month retreating consolidation for Gold metal -
and very possibly the birth of a trend transition -

This could very well be the beginning stages of a new
up leg of the Great Gold Bull -

Nothing is certain yet, (is it ever looking into the future?),
but gold’s convincing breakout north of the confines of a
well-developed regular consolidation triangle looks promising
for gold bulls and should have been no surprise to regular
readers of the Got Gold Report on RI -

Early in the week, once it was clear that Gold metal was
determined to defeat near resistance (around $607), liquidity
flowed into gold exchange traded funds (ETFs) at an impressive
pace (explained below) and bullion bourses large and small saw
brisk and energetic demand across the board -

Meanwhile, mining shares answered the pop for the metal,
but so far have not gotten out ahead of it, so to speak -

* Gold metal turned in a convincing buy-stop-triggering
breakout as seen in the 6-month daily gold chart -







While it is certainly possible that Gold has not yet reached
interim resistance in this second upward impulse since the
October nadir, it is not uncommon for breakouts to retest the
breakpoint from above not long after the initial surge.
Indeed many experienced traders will be watching for
just such a move to see if the breakpoint
(or some pivot point above it)
becomes the new sustained support level for confirmation
of a new trend -

Up legs are defined not only by rising highs, but just as
importantly by rising lows and increasing support -
While it is strongly apparent that gold has entered a period
of both, seasoned, successful traders nevertheless do not get
complacent or let their guard down merely because momentum has
shifted their way -
Instead they continue to employ and manage a sound trailing
stop strategy designed to protect capital, trading profits and
to exit in case expected support gives way - unexpectedly.
Make your own dd ...

Got UCOI Gold - firsale bargain -

very oversold - undervalued -

Gold Breakout No Surprise -

http://www.unicomining.com/news/othermedia.php

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