Skip to main content

Gold Continues to Shine

September 12, 2024

Gold has been getting a lot of attention lately as it presses against its highest levels in history.

This is an exciting time to be a gold enthusiast.

Just look at what the price is doing.

Here's a long-term chart of gold breaking out to new all-time highs:

After completing a decade-long base earlier this year, the price ripped higher, nearly in a vertical line, reaching the 161.8% Fibonacci extension level.

Following that rally, the price coiled in a tight pattern, absorbing some of its gains, but it’s now back on track with a strong breakout this week.

The bottom line here is that it’s time to be long gold.

And there are multiple ways to do it.

There are plenty of vehicles that can give us exposure.

Sean McLaughlin, Chief Options Strategist at All Star Charts, just revealed his latest trade in a gold miner stock. Don't miss out! Click here to get the trade!

Let me know what do you think!

Alfonso.

Filed Under: