Gold has broken out again today as the commodity moved above the $1,450 level for the first time ever. Because of this break out, there will be no shorting of the metal by anyone wishing to keep their money anytime soon. A measured move has a target of $1,470 at first, but measuring the complete consolidation area from $1,380 to $1,440 has us eventually reaching $1,500 an ounce.
Originally posted here
