Gold Tide Rising

Below are some more evidences that the low is in and gold is moving up over the longer term:

1. Gold has regained its 200 day moving average…

golden cross

2. The overhead down trend line from September 2012 has been decisively broken…

bear market trend line

3. The multi-month intermediate lows are now coming in at higher levels

higher lows

4. The gold miners index, The HUI, is carving out a reversed head and shoulders pattern

head and shoulders bottoming pattern

Now that we are in the strongest period of the year then it is all but certain we will see higher prices for the next six months. Now is the time to be all in.

God bless

Kevin

 

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