Bloomberg posted the a curious chart yesterday, purporting to show a golden cross with gold's 50-day moving average moving above gold's 100 day moving average.

It was nice to see something positive about gold on Bloomberg. But, that's usually not what is typically considered a golden cross. More conventionally, it's when the 50 dma moves above the 200 dma. Quickly eyeballing the chart, the 50 dma for gold looks to be around $1116, and the 200 dma looks to be around $1133. If gold just stays where it is now price-wise, the 50 dma may move above its 200 dma within two weeks. That would be a welcome technical indicator, and may encourage more people to wade into the gold market.

Still keeping the faith,

Old School