Gold Breaks Out
Gold is currently at $1,674 per ounce, having advanced $75 over the past 5 days. Importantly, from a technical perspective, the gigantic wedge that gold has been tracing out since last August (for over a year now) has been breached to the upside.
We've been tracking this in our podcasts with Mish for a while. This is the most newsworthy advance for gold in...well, a year.