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THE
REAL DEAL In this analyst’s view, if the Gold Share Indices break up relative to Commodities Index on the following two charts – which have been “dumbed down” to 7.5% X 3 box reversal to cut out all trading noise – then that will be a leading indicator pointing to the “Real Deal”. Gold will be unarguably on its way on its journey to becoming a genuine store of wealth in turbulent times. (Charts courtesy stockcharts.com)
Encouragingly,
if one looks at the same Relative Strength
The only issue is that these latter two charts have both reached their horizontal count targets. Nevertheless, on balance, it appears that the gold shares are throwing off strong hints of a coming Gold Bull market.
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INFORMATION The opinions of FSU contributors do not necessarily reflect those of Financial Sense. |
