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Thursday, January 2, 2014

Gold Breakout?

Gold closed on Tuesday the 31st at about 1205, this morning it hit about 1228.  This indicates a trend change, but we cannot know if the trend has actually changed until a few days has passed.  Usually out of a bottom the greatest gains are during a trend change.

This combined with my post on Tuesday GDX call option activity , is a decent sign that gold bottom may finally be in.  Of course no one can know if the bottom is in until looking back 60 days.

Good luck!

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