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Gold's (GLD) breakout and upside momentum in the past few weeks have been nothing short of stellar. I first alerted readers to buy gold in "Gold on Cusp of Breakout" on June 17 when gold was trading at $1,340. In about a week's time, gold broke out $100 higher to hit $1,440.
The high-conviction call to buy gold was borne from a very mature technical pattern that has been gradually forming on the charts for a good 5-6 years. When the technical pattern was finally ripe and ready for picking, the