Not exactly! However, with a bottom well established, there is only one way to look. The question, when and if gold can trade on its fundamentals, and what will the real price be. The producers have been humbled, albeit, they are still tethered to the bankers, and the cb's will at some point become victims to their own malfeasance. Still, a breakout in gold prices could still be some time away, however, todays action so far is looking more interesting than it has in quite awhile.
On the other hand, it appears that the nasdaq and dow are having trouble maintaining support. A new leg down may be imminent with the nasdaq trading down to the 1500 level, and the dow staying below 10,000.
Ken |
