Are Gold Prices About To Make An About-Face?

December 30, 2013

This quarterly gold chart is providing us with a powerful clue. From my experience any time an item touches a very long term trend line for the fourth time and bounces off of it we are being provided an excellent clue. 

GOLD QUARTERLY WITH THE FRENCH CURVE

The gold bullion and gold share markets send us all kinds of excellent long term clues as to their future path. If we are going to benefit by these clues we must conduct an investigation like qualified detectives. These two charts have excellent clues staring us right in the face. In the top, middle of these charts we see that the XAU topped before gold topped. This was the first time in this precious metals bull market that this occurred. The message was a severe correction is about to occur. At the end of these charts we are being sent the reverse message. Gold bottomed before the XAU bottomed. This was the first time in this precious metals bull market that this occurred. Since my Detective First Class badge is still valid I conclude based on the evidence that a powerful bull move is about to occur! We will soon know if my self-designated Detective First Class badge is really first class or not!!

GOLD MONTHLY

XAU MONTHLY

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