Gold Breaks 3500 & Silver Clears 40 | What Investors Should Watch
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We had gold and silver stocks, the ETFs up about 5% on the week, silver up about 2% on the week, gold also up. It was all punctuated by gold breaking through $3,500 an ounce today and officially breaking out of that consolidation. Does that mean we're about to see another big leg up? Well, let's get to the charts and let me give my opinion.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
