Is Gold Finally Breaking Out?

Is Gold Finally Breaking Out?

If you’re trading or investing in gold, I’d recommend checking out this free video piece from Is gold the last store of value?

The video was shot Friday afternoon, and some of the predictions have already come to fruition – namely that gold would quickly retrace 50-62% of it’s previous move (which Dennis Gartman refers to as “the box”) and trade in the range it’s currently in.

Towards the end, you get a better perspective on the recent pullback in the context of the overall gold bull market – important to note that gold is still in a bull market. And in a bull market, you should be a buyer, not a seller.

Like many of you, I have been quite frustrated in gold not “acting like it should.” I am not a gold bug by any stretch of the imagination, but I think it’s an appropriate investment at this point in time, as Obama continues to fill key economic positions with money printers.

Related post from Saturday: Three Big Pieces of News for Gold Investors