Chart Of The Day: Gold Rally Hasn't Topped Yet
Gary Savage | Feb 13, 2017 12:10AM ET
I gave everyone a very simple strategy to make money during this intermediate cycle for gold. Get long and stay long until the weekly stochastics at least reach overbought and the intermediate trend line is broken.
In a bull market surprises come to the upside and it’s never advisable to lose one’s core position. This rally isn’t going to top until sentiment gets excessively bullish. Right now sentiment is dead neutral and it will take 5-10 more weeks before sentiment reaches 75% or higher.
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