Gold continues to consolidate and form a base at higher pricing

By Dudley Pierce Baker
http://CommonStockWarrants.com

Gold is no longer consolidating – gold this morning is following up on strong overnight trading and this morning is adding on to those gains – gold is up $24 to $1992 as we go to print. And the USD continues to decline and now is at 91.91.

After the close on Monday, Gary Wagner writing for Kitco.com had a great chart on the coming breakout on gold. I had the opportunity to visit with Gary in Hawaii several years ago and have always enjoyed following him on Kitco.com.

In overnight trading gold has broken out of this consolidation pattern which we had predicted in my article on Monday afternoon:

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