Michael Maloney Says No Gold Breakout YET
Michael Maloney, author of the fantastic Rich Dad series book called the Guide to Investing in Gold and Silver, says that although we’ve had a nice little run in gold prices over the last couple months, gold still faces some resistance from going higher. You can see that the prices of silver aren’t confirming a gold breakout.
Here’s a good video he made going over this point. It deals with some technical analysis which we use sometimes as well.