Gold on the Verge of Breaking Out (June 19, 2019)

Gold is getting awfully close to knocking on the door of $1,400/oz. Today, after the Fed FOMC meeting, gold started it’s next leg up breaking through heavy resistance around ~$1,350/oz range… Surprisingly (or not), the yellow metal managed to rise up and above $1,380/oz (briefly), but has since lost some steam and is cooling off a bit…

We’ll see what tomorrow brings, but like I’ve been saying, anytime gold is on the verge of challenging $1,350/oz, I start paying close attention…

It’s getting exciting, but yeah yeah yeah, I know… most people aren’t going to give a flying fudge about gold until $1,400/oz can be pierced through with conviction.

In any event, for the most part, I’m liking the risk vs. reward opportunity right now, so I’ve been adding gold mining shares to my portfolio.

 

Lots to talk about, I’ll try and send a quick update over to subscribers in a bit, with a more comprehensive report over the weekend.

 

Go gold! And silver too (I guess)…

 

Happy Hunting!

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