Gold Market Update
By GCRU Gold News on Thursday, December 10 2015, 03:03 - Permalink
Conclusion: gold broke out convincingly on Friday to start an intermediate uptrend that will result in worthwhile gains from here for a wide range of investments across the sector. While the bearmarket may reassert itself later, latest gold COTs are so bullish that we may have seen the final low – it may be over. We will know if it succeeds in breaking out of the Falling Wedge shown on the 7-year chart.