Monday, April 11, 2016

Gold Breaks Out from Bull Flag

Gold breaks out from its bull flag. Here's a weekly chart. I think it's going to run to between $1,450 and $1,500.

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(Updated chart)

So how do you play this?

You could play it with the SPDR Gold Trust Shares. But I wouldn't.

You could play it with a leveraged gold fund. That's an interesting idea.

You could play it with a fund of large-cap gold miners (GDX) or smaller-cap, junior miners (GDXJ).  Those ideas are getting better and better. That's because miners are leveraged to gold.

But you also might consider the Global X Silver Miners (NYSE: SIL). Here is a daily chart.

(Updated chart)

I'm not your investment adviser. Do your own due diligence before you buy anything. Buying something without doing research just because some guy on the Internet talks about it is not a sound investment strategy.

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