The Higher the Debt Goes - The Higher Gold Goes.
market is up 3% on the day
can we sustain a move above the long-trending channel?
...sure enough, our breakout is featured.
meeting up with the old overhead resistance.
the short-term power trend develops
stepping back for a look at the channel in first half of the year
... after shaking out the weak length
...a little tree-shaking never hurts a bull.
... as the week begins
on a quiet Friday before the 4th of July.
as the second half of the year gets underway.
a good place to take some money off the table
as the Overhead Resistance closes in.
an addition to the channel development
Friday's action gives shape to the channel
in a quiet Friday morning market
...new parameters slowly take formation
...except it isn't
...we haven't been this high since October 2012
...while Gold makes hay.
...settling in for a look at the new surroundings
The Overhead Downtrend Proved Sage
Gold Gaps higher, taking out the ever-resistant $1748 level.