Replies to post #6323 on Vlispxpert's Underground

[vlispxpert]

I'd be very nervous on the metals call, I believe we're in a breakout based on 3 year weekly:

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p87151938658

need to fill in today's price at 1258ish (creates nice candle), then check out the last 3 MACD crosses (we're crossing now), RSI crossing 50 (major bullish signal jmho)

triple reasons I think gold/silver in breakout, in other words, a fat move coming...jmho

I agree 100% with oil call, but metals I totally disagree, I see 1350's minimum coming on gold and wouldn't be surprised at 1500 run...jmho

Good luck!