The AMC channel has a hit TV showcalled The Walking Dead. The way gold has traded for the past few weeks, itappears that the metal has now taken the starring role. Metals in general havebecome comatose at the lower ends of their ranges as they wait for a reason tomove.
This type of trading action isvery common in all markets. You see markets go through different phases andright now the metals are in the dead phase. Nothing has been able to move gold or silver as they hover near the lows.
There is a huge move coming andthe metals will move 10% from current levels within the next few weeks. As thepattern compresses, that only indicates the move will be bigger. Each day themetals pretend they are starring in The Walking Dead, the bigger the move wewill get. For now, we are long and will hold as long as the $1,235-$1,240levels hold.
Gold Is Now Star Of The Walking DeadBy Todd 'Bubba' HorwitzContributing tokitco.com
Follow @Bubba_Trading