Higher Highs coming in Gold!

The recent peak in gold on December 2nd was interrupted by a pullback that most likely ended with a double bottom on Jan 28th. To help us determine if this pull-back is ready to give way to the next big rally we take a look at all of the pullbacks of 10% or more since the Gold Bull started its run in 2001. There have been 9 such pull-backs, including the one just ending.

But first we draw your attention to a very bullish chart. It is the chart that highlights the inverted head and shoulders formation that came to life when gold broke out above the important $1,000.00 level. This breakout portends a target of $1,350.00 minimum, and some would conclude at target at $1,500.00 (more)