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Non-Tech : The Woodshed

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To: blind-geezer who wrote (26009)4/17/2005 2:45:31 PM
From: nspolar  Read Replies (1) of 60926
 
Dan Norcini on the Comms BG. Interesting.

news.goldseek.com

I too have noted how POG seems to have hit a brick wall here at this 430 area. It did not seem that daunting on the charts, but it has been concrete, with rebar, and brick combined.

The key imo is POG. If it goes thru this area, it is going to leap.

"What we are witnessing taking place at this point seems to be some sort of a showdown in gold. The longer it continues to trade in this range while both the fund longs and commercial shorts continue to increase their position size, the stronger the move gold is going to make when it finally breaks out decidedly one way or the other."
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