Gold Target for Week of January 11th

Buy: $1128 | Stop: $1122 | Target: $11158 | Quick Target: $1136

Finally! I’m a bull once again . After a dreaded downward and sideways cycle I can finally call myself a gold bull again. I’m back heavy on gold with buys in ABX and NGD. I really think we will see a big miner jump on this next run. At the same time you can expect a rebound with the Euro and Pound currencies. I’m buying when gold hits $1130 and selling at $1155. I’ll keep everyone update since I’m finally back in the action

I hate those sidelines!

Gold Moves Up, Dollar Breaks Down

Gold just recently broke the $1000 barrier once again, proving that it just isn’t comfortable under $1000. The $1000-$1003 range was the level of resistence I was looking to break in order to get bullish once again. In the opposite corner, the US dollar is breaking lower against most major currencies, especially the Canadian dollar.

At this point, technicals have me very interested in the commodity markets, where I will slowly be taking positions once again.