The price of gold is appearing as if it is set up for another bull run. Is this from any sophisticated technical chart analysis? No, it is merely from examining the chart of the gold price (using the GLD ETF as a proxy) and observing the similarity of patterns that seems to be matching the gold price's rise from the consolidations of last summer. Here and now, we have just witnessed gold's price gyrate up and down ... gold just feels like it is headed for new highs.
Note that the price is just now making a fourth attempt in as many months to penetrate the new high price set in as many months. Last summer saw a similar situation, where the price made about five attempts before finally setting a new high on or about September 1. This consolidation also lasted about four months. Then, when
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