Technical analyst Jack Chan charts indicators that confirm both the gold bull market and an impending correction.
by Jack Chan
The Gold Report
[…] Our proprietary cycle indicator is down.
[…] We are short GLD with a tight stop.
[…] As long as the dollar continues to consolidate, the expectation is a bullish breakout.
[…] The euro is inverse to the dollar, and the current consolidation may seem like eternity to short-term traders, but the previous consolidation lasted much longer before breaking down.
A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike.