Is Gold About to Stage a Massive Breakout?

August 12, 2014

Quietly, and with little fanfare, Gold has begun to make some very interesting moves…

The precious metal has been in the doldrums sine 2013, moving sideways throughout the last 18 months.

However, today Gold looks like it wants to move higher:

This is a multi-year triangle formation. We’ve had numerous touches on the trendlines, so it’s a well-established pattern. And more and more it looks like Gold wants to breakout to the upside.

Indeed, we get additional signs of bullishness from the mining sector. There, miners as a whole look to have bottomed and are on the verge of a large breakout to the upside.

The same goes for Gold mining juniors:

Indeed, based on the Fed balance sheet alone, Gold should  be above $1900 at this point:

If you’re looking for a back door play on Gold that will offer you even more upside than the precious metal, swing by http://phoenixcapitalmarketing.com/special-reports.html.

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Best Regards

Graham Summers

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Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.

Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.

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