by Clive Maund
Gold Seek
After a measured advance in recent months gold looks on for a breakout to new highs soon. On its latest 11-year chart we can see that, with the Bowl boundary steepening to become near vertical, it could rise very rapidly and very soon, which fits with the most seasonally bullish time of year for gold that we are now entering.
[…] Larry’s stunning gold chart shows the price ascending the extreme right side of a hemispherical Bowl which is now approaching the vertical, and while it could break down to form a Handle to complement the Cup of a potential giant Cup & Handle base, the current extreme situation fundamentally means it is very possible that the pattern will slingshot gold vertically higher in a truly spectacular manner…