Gold Breaks Key Resistance Level
Yesterday, gold broke the key resistance level of $117O an ounce and closed the day up $22.50 at $1188.70. This is the first time in the past four years that the gold market is starting to see a pattern of higher highs and higher lows. When this occurs we are most likely to see brokers recommend their clients buy the metals complex. The dollar is also challenging the August 24th low of 92.52 with a close of 93.97. There is a very good chance that the lows in the metals markets now have a firm bottom in place. Please feel free [...]