Gold Suddenly Looks Like It Could Breakout Again!

While nobody was looking, the yellow metal has broken out of a key triangle pattern

• Our call on the Treasury market has worked out quite well…and we think the move should be more than a one-day wonder. However, this won’t be as bullish for stocks over the intermediate term as some people might think.

• Gold is breaking out of a “symmetrical triangle” pattern, so it won’t take much more upside follow-through to confirm that another leg to its bull market has begun.