Quietly, and with little fanfare, Gold has begun to make some very interesting moves…
The precious metal has been in the doldrums sine 2013, moving sideways throughout the last 18 months.
However, today Gold looks like it wants to move higher:
This is a multi-year triangle formation. We’ve had numerous touches on the trendlines, so it’s a well-established pattern. And more and more it looks like Gold wants to breakout to the upside.
Indeed, we get additional signs of bullishness from the mining sector. There, miners as a whole look to have bottomed and are on the verge of a large breakout to the upside.
The same goes for Gold mining juniors:
Indeed, based on the Fed balance sheet alone, Gold should be above $1900 at this point:
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Best Regards
