GOLD Phase Analysis

Gold has been on an uptrend since 2005. Look at the graphs of streetTracks Gold Fund, an ETF that follows the price of gold bullion.




It has been almost a one way traffic for Gold price since 2005. In August last year, it went down to "Warining" and "Distribution" phase but the bears weren't successful in pushing the price to the "Bearish" stage.

And with USD getting weaker and US FED cutting rates, the chances of Gold going higher is definitely high.

So congratulations to those that are vested in Gold. The trend is definitely on your side.