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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (207340)	12/6/2011 1:42:09 PM
From: Claude Cormier	1 Recommendation Read Replies (1) of 313007

Allow me to have a different opinion CD. It seems to me that technically the gold charts suggest that a break out upward is very close. Thus a surprise would be that gold moves below support at $1675-1700 and start a new downtrend towards the September lows. It can certainly happen, everything can happen. But the charts patterns and other technical indicators suggest it should be up from here. Fundamentally, we will see what comes up on December 19th..when some billions of Greek debts come due.

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