Carter Worth Flips Bullish on Gold

Melissa had Carter Worth (technician at Oppenheimer and author of my fave research report ever) on the phone this evening on the Options Action show. He had correctly called gold’s top last fall and reiterated a sell this past April on the major breakdown.

Now he’s more positive on it – or perhaps looking to lock in the other half of his sell call to proclaim victory.

Personally, I feel that he’s early and his reasoning is weak (everyone hates it), but we’ll see what happens:

Source:

CNBC