Gold Breaks Through to Important Overhead Resistance

By Neland Nobel We suggested that gold had put in a major low in early March, and put in a double bottom, a variant of the classic head and shoulders bottom. The importance of $1800 was noted in the last blog and we suggested, that if that level were broken, gold would move to the…

Read More

The Case for Direct Ownership of Gold

By Neland D. Nobel As in the case with many things in life, sometimes the simple way to do something, is often the best way to do something.  But there is a proclivity in the human mind towards sophistication and complexity.  If we can manage complexity, we seem to feel we are more talented. We…

Read More

Gold Pushes Through Overhead Resistance

Gold appears to have ended its corrective phase that began last September. After some bottoming action, momentum appears to have turned upward in mid-December. It broke out of its “pennant” or rising wedge formation at $1500 and quickly moved through old highs at $1520 and then $1540 today. This should clear the way for an…

Read More