It's not just the US markets that are looking positive.
This is well worth a look.
http://goldstocksforex.com/category/stock-markets/
Colin Twigs shows a large range of stock markets and most show good bottoming patterns.
I like this line;
"Always bear in mind that the primary up-trend rests on unstable foundations (private sector deleveraging offset by deep government sector deficits) and may not last much longer than the November elections."
I do not normally look that far forward these days, but that would fit in very well with the projection I showed on my chart of the DOW earlier today. If we see a rally for that long, where will KGL get too?!
Gold currently testing the down trend line.
My money is on a clear break in the next few days.
If I'm wrong then I doubt it will drop much and it should try again over the next couple of weeks.
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