I do not care what you like or what you dislike.
The fact the matter is that this is a bull market for Gold.
It is too rediculous to see that gold trade below that $300 marks to say the least. May be that market manipluation has some thing to say, nevertheless I am happy to see this big rally for this yellow metal from that $250 to this $329, ,it
has ralled nearly $80 U.S. Not bad not bad just for a few days.
It has moved a bit too fast that is all.
A spike pattern demonstrated the power rally indicated that last few months gold traded below that $300 marks is too rediculous, market demonstrated that silly stuff, and proved it should never go that low, that is why it showed that "GORgeous SPIKE" pattern, no matter you like it or not.
My observation is gold entering a nice trading ranges for next three days or 3 weeks, then it will break that $325 and heading $400.00
Fed Chaiman Alan Greenspan would love to see that $400 for Gold which is the right place for this right time.
I also expect that Dow will enter below that 10,000 marks within days. If it ideed breaks that 10,000 gold will for sure heading to that $400 very shortly, maybe $500 marks.
I doubt that shorter will make any bucks unless you are a day trader.
John Paquet |
