[isatrader]

My daily scans remain littered with Gold and Silver stocks too numerous to bother posting, as they continue to make new highs and continuation moves. Low risk entry points have been hard to come by though, unless you managed to catch the continuation breakout in late May / early June in Gold, after the pullback to the 30 week MA. It is a good example of how fast Stage 2 continuation breakouts can move if there's strong volume coming into a sector., and what is known in the method as the "Forest to the Trees" approach. See page 75 in the book.

Attached is the Gold / S&P 500 ratio for a long term view of whether the relationship is tipping toward gold over stocks. If it completes the current monthly new high above the 30 month MA, it will be the first breakout since the gold bear began in 2012.