Gold Breaks Out

Silver is getting pretty close, too
Thursday, August 23, 2012, 12:30 PM
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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.

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