While CNBC and the financial media are pushing investors to buy into the “Stocks going to the moon” narrative, another asset class as just staged a once in a decade breakout.
That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA.
This has only happened ONE other time in the last 16 years: in 2002.
That was the start of the last MAJOR bull market in Gold.
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Over the next nine years, Gold rose an incredible 429%.
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Chief Market Strategist
Phoenix Capital Research