“So far, so good. $84 gold rally over 3 days (+5.5%),” he says. “Busted firmly back over $1700 ($1713). Dollar looks to be breaking down. Cryptos in trouble. However, still have to get through tonight’s election & CPI reactions this week.… Looked back over last 15 yrs. of gold prices & observed EVERY major rally started with a big 1-5 day jump in gold prices off the bottoms. It always starts with short covering (that’s the spike/signal). Then, when it’s clear the rally won’t reverse (bull move is on), longs come in.”
USAGOLD note: High Tech Strategist’s Hickey thinks gold might be in breakout mode.
