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I’d like to share two bullish charts on a sector that I’ve been persistently bullish on for the long haul: preecious metals.
The first, gold, blasted above its descending trendline on Wednesday morning. Any weakness down to $4,200 would be a very appealing buying opportunity.
Last week caused some real damage to the bear case, and frankly at this point a strong Monday might be the coup de grace.
Starting with the NASDAQ Composite, it is approaching lifetime highs. I’ve placed a dashed line at very minor resistance, with the break to lifetime highs not far from there. The exceptional topping pattern has been utterly ruined.
Why does the market never, ever, ever go down? Here are some thoughts:
I have made some big improvements to the new Comments Analysis page.
First off, instead of giving you the analysis for my comments, it will default to your own history of comments on the site.
