For all you Gold traders out there Jim Sinclair's "IBD Clone" issued a buy signal today for Ole Yeller. I say the heck with newsletter writers who say November will be seasonally weak because they're about to be left red-faced and behind in the dust as Gold is itching to set new all-time highs. In fact I take side with those who believe PMs are primed for an explosive move very soon. Momentum is building at such a rate that it will challenge the upper limits of a 30+ year price channel in a few short days. And if that barrier gives way then that watershed event will finally set Gold free from technical limitations for the first time in this 9-year bull market to explore entirely new territory. Coincidentally or not Tim Wood claims it is possible Gold has already set a 9-year cycle low and the next leg is underway. Cross your fingers boyz and girlz. The next two weeks are key.
ESL