Alex_Quiroga
Long

Bullish Gold Futures = Mining Companies (#7 GGB)

NYSE:GGB   GERDAU SA SPONS ADR EACH REP 1 PRF SHS NPV
Not only gold futures are bullish , Coal and Palladium are bullish , and the majority of companies in the basic materials industry are making new highs and they are broken key resistance levels in this case 4.20 around was a resistance level who takes the price one year and two months and four attempts for broken it and finally the past week was broken, now is recommendable to wait for a pullback or price consolidation around 4.20 and the actual price
This is a classic price pattern with a solid argument behind, the argument is the bullish materials futures , this Industry is easy to understand but every company need more research for part of the managers and the fundamental analyst who prefer companies with good Financial Statements based on your investment needs and risk profile
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