OlympusTrader

Beginning of Gold Uptrend

Long
NYSE:GOLD   Barrick Gold Corporation
I know this idea is definitely in the minority, however i remain long term bullish.
As you can see on this yearly chart, gold has broken out of its downtrend, (Red Channel). Now in a slight uptrend (Blue Channel) with minor runs possibly lasting 3-4 months. A break of the blue uptrend channel is a definite sell signal.

This idea comes from way out in left field but it has played out thus far and i think it'll continue.

Thanks for reading!
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