Gold Backing And Filling Before Breaking Above 200-DMA

October 14, 2015

As predicted, everyone started calling a top yesterday when the miners (Market Vectors Gold Miners (N:GDX)) corrected and all gold did was retest the triangle breakout. This will continue all the way up. Instead of just riding the trend, traders will be forced to try and pick a top.

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Courtesy of The Smart Money Tracker


It is estimated that the total amount of gold mined up to the end of 2011 is approximately 166,000 tonnes.
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