Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Gold Emerging to the Upside

It looks like the equity markets continue to consolidate within a high-level congestion area-- perhaps ahead of another thrust to the upside in sympathy with the growing positive seasonal starting tomorrow AM.

Looking at gold, the GLD appears to be emerging from its two-week sideways congestion area and exhibits the requisite underlying momentum juxtaposition to support upside acceleration to retest the prior high at 63.13...on the way to 64.50. Only a decline that breaks below 61-60.80 support will compromise the constructive near-term pattern.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!