This Week in Gold

One chart only this week. The one which matters…

Summary

If the current breakout is legit like the previous three breakouts, we are at the beginning of an impulsive phase. What is special about this breakout is that it occurs after over a year long of consolidation. The whipsaws during this zigzag correction have been the most challenging relative to all previous corrections, and have likely sidelined many traders, and caused many to be skeptical. That is exactly what a bull market needs. Our trading plans call for incremental buying while keeping risk manageable. A special report on the gold sector was posted for members a week ago, you can view this report at this link:www.simplyprofits.org/editorials/reports/Some_positive_signs_for_gold_and_silver.pdf

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Disclaimer: Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis. Knowing which way to place our bets is only half of the formula to success. Wishing you peace and profits......................................