Markets - Gold $691.5 up+9.6 p&f chart
A Chinaman, Confusus, made the statement, "A picture is worth a 1000 words". In our case today, it's "A chart is worth a 1000 words". And so before your very shifty eyes, the chart of all charts, the point and figure, indicates a breakout for gold at $690.

Take alooky-C and the triple top resistance at $685 has been taken out. Gold has been in a range from $640 to $690 for most of this year and it's about time to make the run, beginning with today's breakout, and first day of the mth.trick.

For the record, my weekly comment on gold is in Market Timing - Update. I have been Waiting for this resumption of the bull rise from the low at $640, that I forecast would be the low. If this rise follows the chart range breakout, my target on this rise is $735. Only negative for a S.T.now, is the rise in the US Dollar but will it not last. Crude is bullish and usually rises with gold. Compare the charts. Last Gold report, was dated July 19th then at $677. Target then was $735, the same.

Charlton Capital Ltd. Mr.618. web site www.markets618.com