Buy Gold Today

Technical indicators are flashing green
Wednesday, May 23, 2012, 3:18 PM
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I don’t often make market calls or indicate when to buy or sell, but...if you have been waiting to buy gold, or have a dollar-cost averaging strategy in play, today served up a very compelling buy signal for gold.

For years, I tracked and traded the gold futures market very closely, and over time I discovered that charts alone were insufficient to provide a useful trading edge; I had to incorporate another set of market indicators, which I'll get to below.

First a chart of gold:

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