November 16, 2014
By Dudley Pierce Baker
In my Thursday evening comments to our Gold subscribers, I stressed that we really needed a big move of $20 or more up in gold or Friday. Perhaps the powers to be listened because after early losses in gold an incredible rallly began which may, just may, have been the indication that we now have a bottom in place. Of course, the markets will tell us more in the coming days and weeks, but for now, things are looking much better on the charts.
The weekly and monthly charts of gold (not shown) have not broken support so stay tuned for more action this week which we believe will be to the upside.
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