Gold, Silver - Important Alert!
Commodities / Gold & Silver 2009 Apr 23, 2009 - 05:29 PM GMTThe Gold Direction Indicator is flashing another buy signal. This indicates that the pull-back that started late February is probably finished. A new rally is about to start.
Some of the monetary inflation that the Obama team is injecting into the system is starting to turn into price inflation.
The supporting indicators are positive.
Featured is another component of my unique ‘Gold Direction Indicator’. It is the index that compares the gold and silver stocks of the HUI to the price of gold. The trend has been bullish since November, and every now and then it produces an upside reversal (blue arrows). The index is working on the fourth such reversal right now, and once the index closes above the green arrow it will become obvious to everyone.
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