Chart of the Day-Gold

Gold has been in a strong bull market since 2001 and has only picked up the pace since May 2005. In fact, the surge in gold has been so strong that it now trades above its long-term resistance line (see solid red line). Today's chart illustrates that gold still remains in a long-term (solid green and red lines) as well as an intermediate-term (dashed green and red lines) uptrend.

Notes:
- Our gold charts were positive on gold back in May 2005. What those very same charts are saying now may surprise you.