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Gold's Breakout or Gold Stocks' Breakdown?
Posted on April 03, 2012 at 14:40 PM EDT
Gold seems mercurial lately sliding up and down and causing some gold investors to gray prematurely. Technical analysis is not an exact science nor does it act as a crystal ball but there is comfort and even beauty to be found in patterns that asset themselves every once in a while. And now we are in a self-similar pattern and my firm continues to believe that higher prices for gold are imminent.  We have written previously about the long-term buy signal from the SP Gold Bottom Indicator (see Possibility for Bounce Up in the Precious Metals Market) along with many ...
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