The Trend In Gold

Gold is bouncing today. Even though stops were hit on several positions, I'm still bullish on gold (and silver too). Let's look at a chart...

You can see that gold's retracement hasn't even broken the recent uptrend. Is gold through consolidating? I don't know. But I know there's a lot of support below it, and the yellow metal looks strong.

I wouldn't mind a deeper pullback, though. That would give us better buying opportunities in metal stocks.

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