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Jeff Cooper: The True Move in Gold Has Yet to Reveal Itself
Gold could hit a turning point in September or October, a period carrying historic importance.
Jeffrey Cooper    

This article was originally posted in Jeff Cooper's Daily Market Report -- the definitive resource for the active trader. Click here to learn more about Jeff Cooper's Daily Market Report.

The end of August/early September has historically been an important turning point in the popular indices, especially when it comes to runaway moves and tests of highs.

The current pattern in Gold (GLD) echoes the notion of an upcoming turning point, as shown in this chart.



Of course, September ties to the 3-year anniversary of gold's all-time high at 1921, which was a time/price square-out as 1921 is 90 degrees square September 8.

The further gold moves into the apex of its current pennant, the likelihood that the power of the triangle has been diluted increases.

Consequently, I think we need to watch for a false move in either direction before we see the genuine move.

Learn more about Jeff Cooper in this exclusive interview:



Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

More From Jeffrey Cooper
Jeff Cooper: The True Move in Gold Has Yet to Reveal Itself
Gold could hit a turning point in September or October, a period carrying historic importance.
Jeffrey Cooper    

This article was originally posted in Jeff Cooper's Daily Market Report -- the definitive resource for the active trader. Click here to learn more about Jeff Cooper's Daily Market Report.

The end of August/early September has historically been an important turning point in the popular indices, especially when it comes to runaway moves and tests of highs.

The current pattern in Gold (GLD) echoes the notion of an upcoming turning point, as shown in this chart.



Of course, September ties to the 3-year anniversary of gold's all-time high at 1921, which was a time/price square-out as 1921 is 90 degrees square September 8.

The further gold moves into the apex of its current pennant, the likelihood that the power of the triangle has been diluted increases.

Consequently, I think we need to watch for a false move in either direction before we see the genuine move.

Learn more about Jeff Cooper in this exclusive interview:



Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

More From Jeffrey Cooper
Daily Recap
Jeff Cooper: The True Move in Gold Has Yet to Reveal Itself
Gold could hit a turning point in September or October, a period carrying historic importance.
Jeffrey Cooper    

This article was originally posted in Jeff Cooper's Daily Market Report -- the definitive resource for the active trader. Click here to learn more about Jeff Cooper's Daily Market Report.

The end of August/early September has historically been an important turning point in the popular indices, especially when it comes to runaway moves and tests of highs.

The current pattern in Gold (GLD) echoes the notion of an upcoming turning point, as shown in this chart.



Of course, September ties to the 3-year anniversary of gold's all-time high at 1921, which was a time/price square-out as 1921 is 90 degrees square September 8.

The further gold moves into the apex of its current pennant, the likelihood that the power of the triangle has been diluted increases.

Consequently, I think we need to watch for a false move in either direction before we see the genuine move.

Learn more about Jeff Cooper in this exclusive interview:



Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

More From Jeffrey Cooper
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