Prepare To Add To Gold Positions -Forbes
"Gold prices appear to be heading higher...May has been a reasonably strong month. And, gold tends to rise from June through September. Let us attempt to confirm this seasonal cycle with dynamic cycles. Both the weekly and the monthly cycles are bottoming in the last week of April.
All three of the monthly buy signals have led to higher prices in the past twelve months. Five of eight weekly buy signals have been successful in the last year....The gold open interest put/call ratio is reflecting excessive bearishness, which is a plus for the bulls. The first objectives are in the $1303-$1307 area."