A subscriber asked if I could take a look at gold.
What I found made me almost fall out of my chair.
In the video below you’ll see I found what could be an Bullish Head and Shoulders pattern forming.
What is really trippy about this pattern is that you usually see Bullish Head and Shoulders patterns at the bottom of a market. This one on gold has formed a neckline at about $1,000 an ounce!
OMG! If the right shoulder closes with Gold could easily go to $1,500, $2,000, even $2,500 and more!
I recommend not buying gold but instead buying gold mining companies.
More on this topic
(What's this?)
Put Gold Where Your Mouth Is
(Investment U, 4/6/09)
Is It Time For a Run to New All-Time Highs in Gold?
(Gold Versus Paper, 2/16/10)
Tomorrow: “The Biggest Gold Story of the Last 50 Years Hits the Press?” (McCoach)
(Stock Gumshoe, 3/2/10)
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