by Kerry Lutz, Financial Survival Network:
John Rubino returns… Gold has been looking much brighter lately, but is it ready to shine? The declining global financial system has made many of us believe that gold would keep going up and up. But we’ve been wrong for years. Precious metals markets have been in a pronounced secular bear market, with lower lows and lower highs. Until now, perhaps. The key technical resistance point is $1350-$1363 per ounce. If it breaks through in the near term, we’ll have our needed confirmation. However, it might not follow through, in which case we’ll be looking towards a summer rally. Either way, it’s entirely likely that the tide has turned.
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