Browse Symbol Stacks: GOLD: GLD.png
This is my long term current view of gold. I have a similar view for silver. Personally I think both gold and silver may well be what in EWT jargon is a 4th wave consolidation or triangle. It is too early to be sure but when I see a positive reversal followed by a bullish divergence I think there is a very good chance of a significant rise ahead. Note that C =1.6 x A which is a common finding in corrections. The fairly long down trend line has been broken. Not a bad spot I would think for long term traders (investors) to go long with a stop at the November 14 low. Of course this is not meant to be investment advice but just food for thought. Take care. Hope this helpful. Tom
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