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Is Gold ready to make a serious move? Well, some stocks could be leading the way...SBM & EVN have broken out already. SBM has a nice "Rounding Bottom" in place on the weekly chart. Similar to a cup and handle but shows at lows. EVN has broken through resistance and has retested already...positive. ASL should break out of as pennant today...I think this is also in Tech A's thread. The XGD (Gold sub sector) has been making a basing pattern since mid 2013. It has yet to break out though. if it does...watch out!

If you want higher risk then DCN is worth a look. I like TRY too...that is definitely high risk/high reward though.

I am not a fundamentalist but there is a strong case for higher gold prices.

First of all the Chinese, India & Russia have been buying more gold than is being produced. Simple economics - supply & demand.

Gold is a natural hedge should world economies sink despite many analysts suggesting the correlation between the two has changed in modern times...doubt it.

<blockquote data-quote="Porper" data-source="post: 884496" data-attributes="member: 119">Is Gold ready to make a serious move? Well, some stocks could be leading the way...SBM &amp; EVN have broken out already. SBM has a nice &quot;Rounding Bottom&quot; in place on the weekly chart. Similar to a cup and handle but shows at lows. EVN has broken through resistance and has retested already...positive. ASL should break out of as pennant today...I think this is also in Tech A&#039;s thread. The XGD (Gold sub sector) has been making a basing pattern since mid 2013. It has yet to break out though. if it does...watch out!If you want higher risk then DCN is worth a look. I like TRY too...that is definitely high risk/high reward though.I am not a fundamentalist but there is a strong case for higher gold prices.First of all the Chinese, India &amp; Russia have been buying more gold than is being produced. Simple economics - supply &amp; demand.Gold is a natural hedge should world economies sink despite many analysts suggesting the correlation between the two has changed in modern times...doubt it.</blockquote>

[QUOTE="Porper, post: 884496, member: 119"] Is Gold ready to make a serious move? Well, some stocks could be leading the way...SBM & EVN have broken out already. SBM has a nice "Rounding Bottom" in place on the weekly chart. Similar to a cup and handle but shows at lows. EVN has broken through resistance and has retested already...positive. ASL should break out of as pennant today...I think this is also in Tech A's thread. The XGD (Gold sub sector) has been making a basing pattern since mid 2013. It has yet to break out though. if it does...watch out! If you want higher risk then DCN is worth a look. I like TRY too...that is definitely high risk/high reward though. I am not a fundamentalist but there is a strong case for higher gold prices. First of all the Chinese, India & Russia have been buying more gold than is being produced. Simple economics - supply & demand. Gold is a natural hedge should world economies sink despite many analysts suggesting the correlation between the two has changed in modern times...doubt it. [/QUOTE]

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