That is the question on the minds of many of us. Here is the latest action in gold. Silver, the miners
and such show similar pattern.
There is little doubt that gold has broken out of its base. But, has it ended the bear market in gold, that is the big question.
Gold had broken past the 1,230 resistance and broke out strongly after a minor hesitation. Then it stormed up to 1,303 and sold back to 1,290. Early today it hit 1,303 again and back off another 10 dollars. So, 1,300 is a strong resistance as it was a strong support.
What does Larry say? He forecast that gold would hit its final low in the middle of this January. Now that we have a breakout he hesitates. His verdict? The bear market will end if gold closes above 1,363. Stay tuned.
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