This is a guest post by Nick Laird, who is the founder of Goldchartsrus.com, the largest source of precious metals related data on the world. Goldchartsrus is recommended for both the professional investor but also the precious metals enthusiast.
In this article, Nick Laird shows the gold market as it is today in ten charts. The charts tell a story, and Nick did an excellent job visualizing the storyline. He combines chart analysis with the futures market structure and COMEX gold stocks. Astonishingly, all data points confirm the same direction: the gold bull market is in the process of resuming its uptrend.
The banks are long gold:
They are withdrawing supplies:
They are holding back supplies:
Cots are positions perfectly for a bull run to start:
Pivot point time – double bottom:
Silver double bottom:
Time to breakout & soar:
Time to get out of it’s funk:
Never been a better buy:
Just bounced off one of it’s most oversold phases: