Gold is breaking out of a powerful bullish cup-and-handle technical pattern. The measured move will bring 1517 into reach.
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All indicators are flashing "Buy" for MAR. We see a breakout and move to 60 from Friday's close.
Its one of 10 weekly recommendations in our Model Aggressive Portfolio (MAP).
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We are long COMEX gold which is breaking out of a bullish pattern on the way to 1350.
Our Model Conservative Portfolio returned 92% for 2013 and is up 11% YTD.
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We recommended MAP clients go long NYMEX oil at 97.3 on Monday; WTIC trading over 100 now.
Get our top 10 picks every Monday. www.thegoldspeculatorllc.com
COMEX spot gold has formed a bullish ascending triangle pattern with a breakout level of 1262.
A close above this level, confirmed by volume, would bring 1343 into reach.
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