Gold, A sparkle of hope.

With uncertainty in equity markets around the world, one of the places smart money is rushing towards is Gold. Looking at the chart, over the past 18 months has shown us some great examples of “Divergence”. Where we can see charts continuing to make higher peaks and troughs but momentum indicators like “MACD” and “CCI” show an opposite direction.

At this point in time gold is testing the resistance coming from the peak of December 09. Momentum indicators are showing strength and using the Market Conductor (below) we are seeing very positive signs of continued growth.

If you are in the market for the next area of growth, maybe the gold sectors are worth a look. Oh, and don’t tell your wife that gold is a great opportunity, or else you may find yourself on the way to the local Jewelery Store to fulfill her requests.

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