BREAKOUT ALERT: GOLD
Gold, along with it’s many trading vehicles is breaking out of a reverse ‘head and shoulders’ pattern, 50 day moving averages are just beginning to turn higher from a long term descending pattern and the 100 day moving average has just been breached to the upside.
If Gold can stay above the $1,200 per oz. level and continue higher, leveraged ETFs could see a 30 – 50% move higher in the near future.
You can buy Gold with limited downside risks under the proper guidance. I will be launching a new website geared solely toward the financial markets soon – enter your email in the “contact” section if you’d like to receive any future newsletters or opinion pieces.
BEWARE HYPER-INFLATED NASDAQ STOCKS
Disclosure: The commentary, analysis, and opinions represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Reports is obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. Neither the Author, the publisher, nor any of their respective affiliates guarantee the accuracy or completeness of any such information.