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ALERT: Legendary Analyst Louise Yamada Just Turned Bullish On Gold! March 02, 2016 ALERT: Legendary Analyst Louise Yamada Just Turned Bullish On Gold! Today legendary technical analyst Louise Yamada just sent King World News an interim update announcing a historic breakout in the gold market. Yamada has been correctly calling the moves in the gold market for years and this is a major change in her directional call for gold. KWN Yamada IV 3:6:2016Today legendary technical analyst Louise Yamada, who has correctly called the major moves in the gold market for years, told King World News that she has now turned bullish. By Louise Yamada, Founder of Louise Yamada Technical Research Advisors March 3 (King World News) – INTERIM UPDATE Gold Breaks Out GOLD BREAKS OUT The growing concerns over negative interest rates may be pushing investors toward Gold Spot price (GOLDS- 1,247.10), even though there was only a small accumulation in place as noted in our February write up. Gold price has now exceeded the 200-day Moving Average (MA) and additionally has penetrated both 1,200 first resistance and the 2013 downtrend, and lifted to the first higher high above the October and May 2015 peaks (see upper arrows below on Figure 1)). KWN Yamada I 3:3:2016 The daily (above) and weekly (see Figure 2) momentum models have moved to new one-year highs (lower arrows), offering both short and intermediate-term Buy signals. The next step would be for a pullback to hold at a higher low, above the December low, and perhaps complete a year-long reverse “head-and-shoulders” bottom (see Figure 2, saucers) which would extend the basing process. Thereafter a higher high would establish a new uptrend, the first in years.