Browse Symbol Stacks: /GC: content.screencast.com/use...cc/GC1700.jpg
Gold Weekly Chart
Gold appears set to make an important bottom. As you can see from the weekly chart, the secular bull in gold off the 01' low remains well intact. The breakout above 1100 in 09' was a significant one, and should make for support for the correction over the past couple years. The strong move down in gold the first half of 13' left the weekly MACD extremely oversold, setting the stage for a strong positive divergence on the what could be the final push lower at the end of 13'/beginning of 14'.
I told my family... no present this Christmas for me. If you are giving me something, give me silver Maple Leafs. ;)