The Phaserl


Gold: Big Picture Focus

by Stewart Thomson, Gold Seek:

1. As gold rises steadily higher, it “refuses to have a correction”. That’s making some investors nervous. Gold is the greatest investment asset in the world, so it’s important to stay focused on the big picture.

2. To do so, please click here now. Double-click to enlarge this key monthly gold chart. Note the green Keltner lines, which are like river banks around the price bars.

3. Gold hasn’t even risen as high as the middle dotted Keltner line. Gold market technicians should be open to the possibility that in the bigger picture, this rally has only just started.

4. The 14,3,3 Stochastics series and the 8,16,9 MACD series are particularly impressive.

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