Calling All Gold Bugs – Have I Got a Chart for You

You may be, in fact probably are, a gold bug if you are reading this. Well, I am not a gold bug, but I have followed gold closely from a technical trading perspective for many years. I respect your faith in it. I would never short it, nor would I short mining stocks, even though the charts may look like good shorts from time to time.

I’d rather play the metal and the miners strictly from the long side, looking for the best times to enter and sometimes, to take profits. It’s not always easy. Gold’s trends are sometimes inscrutable. Those who manipulate the price of the metal do not have market based motivation for doing so. It’s always tricky.

That said, I’m here to give you an unbiased technical perspective on where the metal may be headed both over the intermediate term and longer term. This perspective is based on my 47 years of studying cyclical analysis.

And, if I’m not mistaken, there could be a gold upturn in the near future…