Will GOOG Breakout And Rally On Earnings? (Plus Gold Makes New High Again)

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As I wrote Monday morning, I was looking to see if GOOG would breakout of this October consolidation pattern to the upside this week after it reported earnings.

The stock did close yesterday above its upper 20-day Bollinger Band.

Well, more importantly, earnings also came out yesterday after the close and the company crushed analyst earnings estimates, to cause the stock to go up over 4% in after hours trading.

Let’s see if the momentum can continue, not just on the open today, but all day long, or will it gap and fade?

Gold made a new all-time closing high again yesterday too, as it rallied 1.09%.

And silver went up over 2%.