Gold's Latest Rally Tops a Crucial Benchmark

Source: Rick Ackerman Published on Friday, September 8 2017
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Today’s rally was the most important in gold since it entered a bull market in December 2015. Actually, the rally has significantly raised the odds that the entire bull move since then has been impulsive rather than merely corrective of the bear market begun from above $1900 in 2011. It also put in play the 1474.4 target shown.  The rally achieved two additional feats, one of them crucial to the intermediate-to-long-term picture: 1) exceeded a 1352.90 Hidden Pivot target of middling importance;
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