Gold: Ready To Fly?

Looking at the chart of GOLD, it sure looks to me that the pause is about over. We had an advance off the last major low of $1308.10 to $1444.40, $136.30, and we’ve moved down to the 50-day moving average for two weeks. If we tack on $136.30 to the recent low, we could see a high of $1518.90 real soon.

Gold is currently $1427.80.

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