Gold moved up 1.19% for the past week but more importantly closed the week off above the $1,000 level for the first weekly close above that mark, EVER!!
We are on the cusp of the breakout move up several hundred dollars higher.
The weekly RSI is in great shape as well as the weekly long-term moving averages. MACD is just giving the buy signal
It's very exciting watching this market now. The biggest shock came after the market closed on Friday and the access market opened. Too many times before this limited access market has seen the price moved lower, but not this time.
The Commitment of Traders report is cut off on Tuesday and not reported until Friday so this incredibly huge increase in short occurred from Sept. 1 to Sept. 8. As gold moved from $950 to $1,005 in only a few days.
The commercial group is the only reporting group who is short gold, and very short. If they are forced to, or decide to cover this move higher will be swift and massive, possibly moving the price over $1,400 for a period --
Conquest Resources Ltd. '
no its still an Ausome bargain
dd.... Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.