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Strategies & Market Trends : Classic TA Workplace
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To: SwampDogg who wrote (78226)8/1/2003 6:28:37 PM
From: skinowski  Read Replies (2) of 209892
 
Check the line on GC03Q connecting the lows since 4/7. It is passing through a couple of points below the close. I'd expect it to hold, but we'll see very soon.

Selloff in gold would be an indication that the deflationary forces might be winning the inning.

I am slowly turning bullish gold in the long run for fundemental reasons, but trying to time it may be hard - and playing with significant positions could be risky. A bout of deflation could hit gold hard.
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