Triple top breakout Point & Figure Chart $HUI, Gold Breaks OUT

Market Talk with Piranha: What is a Point and Figure Chart?

Gold hit a 16-month high above $700 per ounce on Friday, boosted by a falling dollar after U.S. data showing a surprise contraction in U.S. non-farm payrolls for the first time in four years.

The August report showing a fall of 4,000 jobs dented the U.S. currency against the euro, making dollar-denominated gold cheaper for overseas investors.

“Paper money eventually returns to its
intrinsic value ---- zero.”
Voltaire ( 1694-1778 )


Gold/XAU Ratio 4.62