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Goldplat plc

Gold Prices Explode Higher

The footprints were clear; the bottoms were in and gold took off like a rocket on Monday. The last three days in the metals have been strong, with both gold and silver exploding higher.

Gold is higher this morning, but based on the pattern, it would be no surprise to see gold pull back to support before continuing the new uptrend that has developed over the past few days. The bottoms took a while to form but gold now looks poised for a run at $1,350 and possibly $1,400.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.