Gold Sector: Blow Off In Progress But 'Launch Phase' Confirmed

Gold Sector: Blow Off In Progress But 'Launch Phase' Confirmed by Gary, Notes From The Rabbit Hole

On March 4 we reviewed the technical reasons why the gold sector was launching as opposed to blowing off.  This, after articles began appearing calling the rise to that point a doomed parabolic blow off using daily charts.  Those calling it a blow off were confused; silver in spring 2011 was a blow off in the terminal sense.  But when a parabolic move comes off a bottom, it is an impulsive thrust to change the trend, possibly ending the bear market.

We have long noted that gold is the first mover to a new inflationary phase, as the previous deflationary backdrop...