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Gold And Silver Poised To Rally Despite Economic Slowdown, Fiscal Cliff

From seekingalpha.com

Gold and silver have been trading sideways for most of 2012, but these precious metals may make higher prices their New Year’s resolutions. Although this market has been choppy and range-bound, gold appears to be poised for a possible breakout to the upside. Gold (December) issued a buy signal on the daily chart Friday (Nov. 23) following a buy signal last Monday (Nov. 19), which was gold’s first buy signal since the trend changed to the upside. Gold is now super-trending to the upside and has closed above major resistance areas on the daily chart, which now acts as support. I define a super-trend as any market that ... (full story)

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