Signs the Gold Price is About to Make a Transition

Technical signs the GOLD PRICE is now entering a powerful bull move includes a break above a recent downtrend line accompanied by a higher low from the $850 low made during the first week of May. This breakout can be accompanied by a correction to around the nose (910) but then a powerful advance should be accompanied shortly after. I am looking for a powerful crossover in the MACD indicator.

This bull move could easily be one of the most powerful bull moves since Gold started its Bull Market phase back in the year 2000.

The GOLD PRICE, still way below its inflation adjusted value of $2,200.00 (minimum) may surprise many on how fast this gap may be closed as the realization that GOLD is becoming more of a currency and shedding some its identity as a commodity.

For a review of the GOLD STAGES: (Author Jim Sinclair) www.jsmineset.com

Note: Any failure for the dollar to find support @ 71.10 could ignite the gold price dramatically here: