To gain an edge, this is what you need to know today.
Inflection Point
Please click here for a chart of SPDR Gold Trust (ARCA:GLD).
Note the following:
The chart shows that gold has staged a strong rally.
The chart shows Arora signals including the famous signal to sell half of the gold position on the exact day gold topped in 2011. Long time members of The Arora Report have made a fortune from our gold and silver calls.
Perma gold bulls, also known as gold bugs, are coming out of the woodwork proclaiming that this is it for the big gold move they have been waiting for.
Prudent investors should consider ignoring perma gold bulls. Perma gold bulls tend to strongly believe in conspiracy theories of central banks colluding with large commercial banks to keep gold and silver low. Many times the prominent perma gold bulls have a vested interest because they are in the business of selling gold and silver to the masses.
In The Arora Report analysis, here are the key data points investors should focus on:
Gold has traced a 10 year cup as shown on the chart.
Now, gold is in the process of tracing a multi-year handle.
Cup and handle patterns tend to break to the upside.
When an upside break occurs from a long pattern, it can be extremely powerful, leading to large gains.
As shown on the chart, gold is now in the resistance zone.
The chart shows that the prior three attempts to break out of this resistance zone failed. Will the fourth time be a charm?
Thank you for your requests for a new podcast on gold. The evidence from our decades of experience with thousands of investors is clear. Those who take time in advance to prepare tend to generate significantly higher profits than those who do not. We will start work on the podcast to help members prepare in case there is a breakout. The podcast will be in Arora Ambassador Club.
Crypto bros are predicting that this gold up move will fail. Crypto bros have a strong interest in promoting gold as antiquated, and they want to sell the masses on the idea that crypto is the new gold.
You can access world famous Arora ratings on gold and silver from the top menu. These ratings are used by private investors, hedge funds, bullion dealers, and major jewelers. At times, Arora gold calls have impacted gold prices. Click here to see an…
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