A Very Bullish Outlook for Gold

The gold picture is coming into view, and it is very bullish according to one of our favorite commentators, Michael “Mish” Shedlock from MishTalk.com.

We’ve known “Mish” for a very long time, dating all the way back to when he was a small, still voice warning about the housing bubble.

Gold Massive Cup and Handle

Mish points to the classic technical pattern, the “cup and handle” in the gold chart, and says that gold “is flirting with a major breakout having undergone a huge three-year consolidation.

“If the next major move is higher, as I suspect, the move rates to be explosive.”

Mish is not alone in expecting an explosive move in gold.  We have shared elsewhere Rich Dad Poor Dad author Robert Kiyosaki’s call for gold and silver.  He expects gold to break above $2,100 and then take off with its next stop at $3,700.  A move like that would be consistent with the technical picture, especially with Gold’s repeated interim tops at just over $2,000. 

Kiyosaki expects silver to share in the move, racing up from $23 to $68.  He urges you to tell your friends to wake up. 

Robert is watching the fundamentals.  Mish is looking at the technical picture.  Both are talking about an explosive move up in gold!

Make sure your portfolio is up to date.  Speak with a Republic Monetary Exchange gold and silver professional without delay!