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Richard Russell’s comments on gold

Gold — The chart below has become interesting. Note that the May low is higher than the April low on gold. Rising low points are bullish. Then note that the blue trendline is just being penetrated to the upside, a second bullish item. Any strength in gold now will put the metal decisively above the trendline, and that would be a definite bullish plus.

06.04.13 Gold chart