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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: E. Charters who wrote (16760)12/31/2002 5:20:39 AM
From: sea_urchin  Read Replies (1) of 82019
 
EC >By trend line analysis, which means nothing at all to brave men, the minimum support level for one year is 330 out to February and 340 beyond that.

Sure. My "forecast" in #16760 was made by doing a rough trend-line analysis (in my mind's eye) on the gold price action over the past three weeks. It appeared to me that "support" has been broken and hence my suggestion that we would see a period of consolidation.

>Gold however has a mind of its own in its tendency to trend upward quickly, breaking all estimated resistance levels for several days at a time.

Hence my post #16757. One thing I have learned over the years as far as forecasting the gold price is concerned is that one can't!
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