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Strategies & Market Trends : Ride the Tiger with CD
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To: ceejayt who wrote (200824)7/13/2011 12:50:22 PM
From: heinz44  Read Replies (1) of 313780
 
My Dear Friends,

Talk of further Fed easing if the economy continues to weaken put gold through the technical overhead resistance, driving the algorithms bullish as gold sets up for $1600.

There is no question the economy is going into a double dip which will be lower on the second dip. Quantitative easing will continue with vigour.

Gold is setting up for the $1600- $1650 battle royal.

Regards,
Jim
sinclair
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