$US Gold $CDN Gold Weekly

Both the $US and $CDN gold prices broke out by the close on the week. What this signals is the resumption of the bull market in gold prices.

With the assets of PFG Best and MF Global hypothecated and sold directly into the market over the last 10 months, especially the precious metals futures contracts being totally used up, its time now for the bull market TO RESUME.

$CDN Gold closed above $1660.

supersize:

http://www.flickr.com/photos/11747277@N07/7857757094/sizes/l/in/photostream/

http://scharts.co/M09HGl

$US Gold clearly breaking out:

supersize:

http://www.flickr.com/photos/11747277@N07/7857758252/sizes/l/in/photostream/

http://scharts.co/Ovxxud Use the largest size available in stockcharts.com and change the date setting to 'fill the chart.'

There is no mistaking a breakout here.

The elliot wave count is meant to conform with Sharelynx eWave projection:

http://www.sharelynx.com/chartstemp/GoldeWave.php

Dax In Gold

http://www.realterm.de/DAXinGold.php

-F6