As I keep saying, the only asset I am cheerfully bullish is gold, and it had another good day. Yesterday I made a big point about how the plunge in gold should not be seen as a failure, because it was merely testing support. It did so, and even though “someone threw a war, and nobody came”, Gold closed ABOVE its peak on Monday. Let that sink in. We are higher NOW than we were on the brink of war!
In the other direction, I went out on a limp and, for my premium members, made this post called not-so-subtly “Crude Top for Realz“. I’d say that was pretty damned timely, wouldn’t you?
Anyway, as far as gold goes, I am simply delighted. This is an absolutely beautiful bullish breakout.
