Gold just reached a six-month high and I suspect it will continue to rise. In fact, gold could pass its 2011 high. With the entire commodities market pulling into a bull market it only makes sense for gold to be leading the way.
Both gold and Gold Trust Shares (GLD) have been in a bear market until the third quarter 2012, but investors could see the bullish signs of gold when it based out in the beginning of August and went up by September 1st. Now, as the third quarter draws to a close, the 50-day moving average of Gold Trust Shares is about to move past the 200-day moving average. Along with the 50-day surpassing the 200-day moving average, the 12-period EMA has topped the 26-period EMA and is showing no signs of slowing down. Along with gold, copper has shown very similar bullish signs with the 50-day moving averages pushing upward toward a bull market.
A Third Round of Quantitative Easing (QE3)
Gold, copper, and silver stocks have propelled to life and given investors a reason to buy. Things only get better with the recent QE3announcement. Quantitative easing will directly benefit gold as well as other commodities. The new money generated from the QE is best invested in emerging markets and commodities. This will lead to gold companies getting big loans and making bigger projects. So which are the best gold stocks to buy? To continue reading, click here.
