Gold–Higher Monthly Close

02/27/2009 3:02 pm EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

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Though gold is being recommended by many advisors, other analysts are skeptical. It looks as though gold will close higher for the month, however, and if so, the monthly On-Balance Volume (OBV) will close at significant new highs, which is a bullish sign. The OBV completed a major base in 2002, signaling the beginning of a new uptrend.

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