A gap and a power bar. About as good a buy signal as you get. While the pattern is different in silver we think silver has a buy signal also.
As always these signals are not 100% perfect, and given the animus of the Treasury and the Fed for gold we can depend on their efforts to control the market.
Nonetheless the practicality of maintaining a long term position in these markets is once again demonstrated.
You will note that we reported buying gold and silver last week.
And have been basically long since 2003.