“Gold Takes Off, Climbs Above Trend”

Posted by The Gold Update - deMeadville.com

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The incipient sensations of aeronautical lift oft give one a bit of a rush — some 180° out-of-phase from that of a descending roller coaster wherein you are lifted from your seat — in the rapid ascent of flight the cushion pushes itself up into you as both thrust and wings haul you high into the sky.

We felt a similar moment of rush come Thursday afternoon, basking in the afterglow of Gold’s both having confirmed closing above that dastardly downtrend line as herein presented a week ago, as well as finally flipping its parabolic trend on the weekly bars from Short to Long.

Let’s begin with a side-by-side three-month graphic of Gold and the S&P along with their respective valuation tracks, (the smooth pearly lines regressing each market’s movements to those of the BEGOS components:

….read & view HERE

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