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What we have been witnessing in gold is massive accumulation on the price chart,
or what some would refer to as ‘base-building.’ Before any market can experience a strong, trending move to the upside, it generally has to have a period of base-building….At some point gold will have a trigger, and when it does you are going to see gold move to the upside….When gold finally breaks out to the upside from this strong, steady base, it will experience a massive move to the upside.
So says Dan Norcini in edited excerpts from his most recent interview with Eric King of King World News brought to you by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds). This paragraph must be included in any article re-posting to avoid copyright infringement.
Take Note:
Norcini concludes his interview (which can be read in its entirety here) by saying: “The fundamentals for gold, because it trades as an alternative currency, are so strong that gold seems to be continuing to attract strong buying on the dips in the low $1,500’s. That’s what we saw in the grain markets [a chart is provided in the original article]. We had a period of base-building or consolidation, and then the fundamentals caused those markets to soar. In a sense, this is the same thing we are watching in gold. At some point gold will have a trigger, and when it does you are going to see gold move to the upside.”
Editor’s Note: The above may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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