Going For Gold
Tim Knight | Mar 19, 2015 12:50PM ET
It’s been a good day so far (and a comic slap in the face to everything Yellen did yesterday……..just take a look at currency markets). I’m balancing my zillions of shorts with carefully-selected longs and the best charts to my eyes are precious metals and miners. I’m long gold and a variety of gold miners. Gold seems to have a pretty easy path up, at least for a few points:
Here’s a closer look, illustrating the base that was completed yesterday, and successfully challenged today.
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