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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

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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