If we could, let’s take a look at the gold market. Gold, if it were to finish here at $2922.70, for the week you’re up nearly two percent. Remember, I was talking, I thought it could make a run toward the $3000 level. Well, I feel very vindicated as it’s moved from this area here when we were talking, and that’s quite a move. Is it going to go straight up? I doubt it.
You can see how the pattern has just been moving higher all the way through. The pattern is clearly one of higher lows and higher highs. The market is staying over the 18-day average of closes, which is over the 100, and the 100’s over the 200—it’s a classic bullish setup.
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