It’s now official, Gold has broken it’s perfect cup and handle formation. It’s heading much higher here and now, with a very high degree of confidence. To buy or not to buy is the question. I’ve always liked to buy on weakness. Gold is not weak right now. That being said, trading the move may be a great way to increase that pile of cash and buy all the more oz’s once gold does exhibit some weakness.
Surprisingly the all-time high gold prices are attracting little more than a headline, or if a story is done it’s usually bearish. That’s bullish!
Sentiment is abysmal. If this were tech stocks, it would be touted everywhere and talk of a bubble would not even be tolerated, let alone given credence. (more)
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