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Date: July 26, 2012
Subject: Gold is Near a Breaking Point

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G&G Associates
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Gold is Near a Breaking Point

Karibu (Welcome) G&G Readers,

It has been over a month since we last looked at gold and wondered if we would get a chance to buy it on sale in July.

So far, that pullback hasn't happened. In fact, gold is a few bucks more expensive than it was back then. It's hardly trading at the bargain-basement levels I was hoping we'd see by now.

But there's still hope. Gold is trading in a consolidating-triangle pattern. And one way or another, it's setting up to make a major move.

For the past couple months, the yellow metal has been stuck in a trading range between about $1,550 and $1,625. But that range has been tightening, and gold has been storing up energy for another big move. That move could happen as early as next week.

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LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.


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